WatchTower

Currencies

Australian Dollar COT positioning

Speculators are net long australian dollar, at the 90th percentile of the last three years — the most net-long in 0 weeks.

Net speculative position +58,726 contracts
Three year percentile 90th at an extreme
Last more extreme this week
One contract 100,000 Australian dollars
Net speculative position, 30 September 2025 to 22 September 2026. Scaled to this market's own range over the period, from -17,669 to +70,260 contracts. The line marks zero, where the book flips between net long and net short.

Reading as of 22 September 2026. The CFTC publishes weekly with a three day lag, so this describes the previous Tuesday. The terminal carries the full three year history and the week on week change.

Reading it

What this book is, and how it behaves.

The Australian dollar trades as a growth and China proxy, so its positioning frequently moves with copper and iron ore rather than with Australian data.

Positioning at an extreme is a description of where the crowd sits, not a forecast. A crowded book can stay crowded for months and get more crowded on the way. What it does tell you is who is already in the trade, which is what decides how violently a market reacts when the news goes the other way.

Australian Dollar positioning, answered.

Are speculators net long or net short australian dollar?

Speculators are net long australian dollar, at the 90th percentile of the last three years — the most net-long in 0 weeks. The net position is +58,726 contracts as of 22 September 2026.

What does one Australian Dollar contract represent?

One contract is 100,000 Australian dollars. The Australian dollar trades as a growth and China proxy, so its positioning frequently moves with copper and iron ore rather than with Australian data.

What is the COT report?

The Commitment of Traders report is published weekly by the CFTC. It breaks open interest in US futures markets down by category of trader. The figure here is the non-commercial, or speculative, net position: long contracts minus short contracts. It is reported with a three day lag, so the newest reading describes the previous Tuesday.

Does extreme positioning mean the price will reverse?

No. Positioning describes where the crowd sits, not what happens next. Crowded books can stay crowded for months and get more crowded on the way. It is a measure of who is already in a trade, which matters for how a market reacts to news, and it is not a timing signal.