Cot 05/12

[B]Implications: [/B]Topping

[B]AUD:[/B] The 52 and 13 week COT indexes are at 84 and 92. 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 close to the bullish extreme levels (95 and above), there is potential for a sizeable decline.