Positioning · retail sentiment · read at 08:31 UTC on 12 November 2026
AUD/CAD retail sentiment: long vs short
As of 08:31 UTC on 12 November 2026, 46% of retail traders are long AUD/CAD and 54% short, a long/short ratio of 0.85. A week earlier, on 5 November, 53% were long, so the crowd is 7 points more short this week.
The long share over 120 days
Over the 120 days the terminal holds (since 11 July), the long share has run from 18% to 54%; today's reading is higher than on 79% of those days.
The COT view beside it
Speculators in Australian dollar futures are net long 50,106 contracts (CFTC, positions at 3 Nov), at the 82nd percentile of their own range. Australian Dollar COT positioning
Speculators in Canadian dollar futures are net short 86,302 contracts (CFTC, positions at 3 Nov), at the 21st percentile of their own range. Canadian Dollar COT positioning
Retail shows the crowd at retail brokers; the CFTC report shows speculators in futures, weekly. The two often sit on opposite sides. This week's full report: the COT report.
Questions
Are retail traders long or short AUD/CAD?
As of 08:31 UTC on 12 November 2026, 46% of retail traders are long AUD/CAD and 54% short, a long/short ratio of 0.85. The crowd leans short, 54% on one side.
How has AUD/CAD retail sentiment changed this week?
A week earlier, on 5 November, 53% were long, so the crowd is 7 points more short this week.
Is AUD/CAD retail positioning extreme?
Over the 120 days the terminal holds (since 11 July), the long share has run from 18% to 54%; today's reading is higher than on 79% of those days. That is inside its recent range rather than at an edge of it.
What does the COT report say about AUD/CAD?
Speculators in Australian dollar futures are net long 50,106 contracts (CFTC, positions at 3 Nov), at the 82nd percentile of their own range. Speculators in Canadian dollar futures are net short 86,302 contracts (CFTC, positions at 3 Nov), at the 21st percentile of their own range.
How do traders read retail sentiment?
Many traders read it as a contrarian gauge: a crowd leaning heavily one way has often been on the wrong side of the move that follows, and is the side forced out when price runs against it. It is a description of positioning, not a signal. In WatchTower Terminal's composite score retail positioning is read that way, at a weight of 10%, alongside CFTC positioning, rates and research.
More on AUD/CAD: AUD/CAD analysis · AUD/CAD rate differential · AUD/CAD seasonality · Australian Dollar outlook · Australian Dollar COT positioning · RBA rate expectations · Australian economic surprises · Canadian Dollar outlook · Canadian Dollar COT positioning · BoC rate expectations · Canadian economic surprises
Other pairs: AUD/CHF 79% long · AUD/JPY 54% long · AUD/NZD 34% long · AUD/USD 64% long · CAD/CHF 80% long · CAD/JPY 59% long · EUR/AUD 52% long · EUR/CAD 53% long · GBP/AUD 50% long · GBP/CAD 33% long · all 30
Aggregated retail broker positioning, read every 20 minutes in the terminal; this page is rebuilt through the day. Not financial advice.