Positioning

CFTC Positioning Report: Dollar net longs at multi-week highs – FXStreet





Pablo Piovano Pablo Piovano
FXStreet

These are highlights of the CFTC Positioning Report for the week ended on July 26th:

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AUD/USD is extending the recovery to challenge 0.6900, as the US dollar rally takes a breather despite the risk-averse market condition. The aussie shrugs off the downbeat Australian Preliminary Manufacturing PMI. Focus shifts to the US PMIs. 
EUR/USD renews intraday high near 0.9950 as it consolidates recent losses at the lowest levels in nearly 20 years during Tuesday’s Asian session. The major currency pair justifies oversold RSI (14) as the bulls retreat. The weekly resistance line and the 21-DMA, could challenge the EUR/USD buyers.
Gold price fades the late Monday’s corrective pullback from a monthly low as sellers tighten grinds during Tuesday’s Asian session. The yellow metal bears the burden of the firmer US dollar amid the market’s rush for risk safety.
Tron’s TRX price shows strong macro technicals pointing to a potential 2,000% rally from 2024 to 2025. Tron’s TRX price has been coiling in a mundane fashion for most of the summer. Invalidation of the bullish thesis is a breach below $0.0468.
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