Positioning · retail sentiment · read at 08:31 UTC on 12 November 2026
AUD/CHF retail sentiment: long vs short
As of 08:31 UTC on 12 November 2026, 79% of retail traders are long AUD/CHF and 21% short, a long/short ratio of 3.76. A week earlier, on 5 November, 77% were long, so the crowd is 2 points more long this week.
The long share over 120 days
Over the 120 days the terminal holds (since 11 July), the long share has run from 4% to 83%; today's reading is higher than on 94% of those days. That is near the most long it has been in the 120 days held.
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 Swiss franc futures are net short 16,845 contracts (CFTC, positions at 3 Nov), at the 22nd percentile of their own range. Swiss Franc 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/CHF?
As of 08:31 UTC on 12 November 2026, 79% of retail traders are long AUD/CHF and 21% short, a long/short ratio of 3.76. The crowd leans long, 79% on one side.
How has AUD/CHF retail sentiment changed this week?
A week earlier, on 5 November, 77% were long, so the crowd is 2 points more long this week.
Is AUD/CHF retail positioning extreme?
Over the 120 days the terminal holds (since 11 July), the long share has run from 4% to 83%; today's reading is higher than on 94% of those days. That is near the most long it has been in the 120 days held.
What does the COT report say about AUD/CHF?
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 Swiss franc futures are net short 16,845 contracts (CFTC, positions at 3 Nov), at the 22nd 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/CHF: AUD/CHF analysis · AUD/CHF rate differential · AUD/CHF seasonality · Australian Dollar outlook · Australian Dollar COT positioning · RBA rate expectations · Australian economic surprises · Swiss Franc outlook · Swiss Franc COT positioning · SNB rate expectations · Swiss economic surprises
Other pairs: AUD/CAD 46% long · AUD/JPY 54% long · AUD/NZD 34% long · AUD/USD 64% long · CAD/CHF 80% long · CHF/JPY 31% long · EUR/AUD 52% long · EUR/CHF 74% long · GBP/AUD 50% long · GBP/CHF 66% long · all 30
Aggregated retail broker positioning, read every 20 minutes in the terminal; this page is rebuilt through the day. Not financial advice.