Cot 05/05

[B]Implications: [/B][B]Bearish[/B]


[B]AUD:[/B] [B]The 52 and 13 week COT indexes are at 73 and 75. Although the 13 week index has declined from a 100 reading (4 weeks ago), the AUDUSD price has trended sideways. As long as the indexes are pointed down, there is potential for a sizeable decline.[/B]