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Hedgers At All Time High On Australian Dollar

By Mike Ber

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Below is a chart of the Austrian dollar with the Commitment of Traders data representing the Hedgers and Speculators. You can view the long term chart below but what I wanted to point out is the Hedgers are at an all time higher of 104,269k, which could represent a bottom for this currency. The previous high was 64870 back on June 11th, 2012. The Hedgers, (red line) is composed from net positions (long - short) of producers, mercs, processors. These people are hedgers, they come to market to hedge their risk, not to speculate.

Long term chart of Australian Dollar.

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