What is the Australian Dollar COT report?

It is the weekly CFTC Commitments of Traders breakdown for Australian dollar (CME): how many long and short futures contracts each group of large traders held as of the prior Tuesday, published the following Friday.

How do you read Australian Dollar net positioning?

Net position is long contracts minus short contracts for one trader group. A positive net means the group leans bullish; the weekly change matters more than the raw level.

What does the Australian Dollar COT index mean?

The COT index rescales a group's net position 0-100 against its own high and low over the chosen lookback. Above 80 is close to the most bullish that group has been; below 20 is close to the most bearish.

What is a bearish divergence in Australian Dollar?

A bearish divergence is Australian dollar futures (front month) making new highs while the tracked trader group reduces its net long position — the rally is losing the sponsorship of the money that usually drives it.

Australian dollar (CME)

Australian Dollar positioning

Price series: Australian dollar futures (front month) · positions as of Tuesday Sep 15, 2026, published Friday Sep 18, 2026

Last weekly close · Australian dollar futures (front month)

0.7106

Asset managers net position (contracts)

-46,396

Bearish divergenceJul 21, 2026 → Sep 15, 2026 · 8-week window

Price is rising while this group reduces exposure — the move is losing committed buyers.

price +1.8% · asset managers net position -11,252 (contracts, over 8 weekly reports)

Price vs positioning (contracts)

Price on top, and what the big traders were holding underneath it.

Price — Australian dollar futures (front month)

Net position (contracts) — Net position = long contracts minus short contracts. Above the zero line = net long.

Signal classification tracks bullish divergencebearish divergenceconvergence (healthy trend)

COT Index

0–100 · vs last 3 years

How extreme today's positioning is compared with this group's own history.

Each group's current net position, rescaled 0–100 against its own high and low over the selected lookback. 0 = most bearish it has been in that window, 100 = most bullish. Unitless by design, so markets of very different sizes can be compared.

Non-commercial (large specs)36 · neutral

Leaning short, but not yet at an extreme.

Commercial (hedgers)57 · neutral

Middle of its own historical range — nothing stretched.

Asset managers42 · neutral

Middle of its own historical range — nothing stretched.

Leveraged funds92 · stretched long

Near the most bullish this group has been in the window.

0 · most bearish50 · mid-range100 · most bullish

COT Index = ((Current − Min) / (Max − Min)) × 100, over the last 3 years

Method credit: the 0–100 normalization goes back to Larry Williams' COT work in the 1980s and was developed and popularized by Stephen Briese, author of The Commitments of Traders Bible.

Asset managers — COT index history (0–100, rolling 3 years window)

Disagreement Index

contracts · index 0–100

How far apart two trader groups are right now.

Gap = group A's net position minus group B's, measured in contracts. The Disagreement Index rescales that difference 0–100 against its own last 3 years: 0 = the two groups as close together as they get, 100 = as far apart as they get.

Disagreement Index · vs last 3 years

Historically extreme disagreement between the two groups.

Current gap (contracts)

+107,531 contracts

Left axis: gap in contracts (positive = Leveraged funds is more net long than Asset managers). Right axis: disagreement index, 0–100. Gap tracks Leveraged funds − Asset managers.

Latest week by category

What each trader group was holding in the most recent report.

Positions as of Tuesday Sep 15, 2026, published Friday Sep 18, 2026, compared with the prior weekly report. Positive net = net long; negative net = net short. COT index is measured over the last 3 years.

Category	Long (contracts)	Short (contracts)	Net (contracts)	Weekly change (contracts)	COT index (0–100, 3y)
Non-commercial (large specs)	114,312	153,218	-38,906	-4,036	36
Commercial (hedgers)	169,924	150,099	19,825	+4,141	57
Asset managers	94,701	141,097	-46,396	-6,197	42
Leveraged funds	92,993	31,858	61,135	+11,356	92

Signal log — Asset managers

Every past signal in this market, and what price did afterwards.

Every rolling 8-week window classified as a bullish or bearish divergence, or as convergence where price and positioning agree. Price change is in percent; net change is in contracts.

Each row covers one stretch of weekly reports: the % is the price change over that stretch, the net figure is the change in the group's net position, in contracts.

Bearish divergenceJul 21, 2026 → Sep 15, 2026price +1.8% · net position -11,252 contracts
Convergence — healthy uptrendJul 7, 2026 → Sep 1, 2026price +3.6% · net position +6,836 contracts
Bearish divergenceJun 23, 2026 → Aug 25, 2026price +3.8% · net position -8,420 contracts
Convergence — healthy downtrendApr 14, 2026 → Jul 21, 2026price -2.7% · net position -71,627 contracts
Bearish divergenceMar 31, 2026 → May 26, 2026price +4.2% · net position -25,558 contracts
Convergence — healthy uptrendMar 3, 2026 → May 12, 2026price +1.8% · net position +18,673 contracts
Bullish divergenceFeb 3, 2026 → Mar 31, 2026price -1.8% · net position +63,435 contracts
Convergence — healthy uptrendOct 21, 2025 → Mar 17, 2026price +7.6% · net position +107,181 contracts
Bullish divergenceSep 9, 2025 → Nov 4, 2025price -2.4% · net position +7,770 contracts
Bearish divergenceApr 8, 2025 → Sep 9, 2025price +5.9% · net position -52,847 contracts
Convergence — healthy uptrendFeb 25, 2025 → May 13, 2025price +3.3% · net position +9,794 contracts
Bullish divergenceFeb 4, 2025 → Apr 1, 2025price -4.1% · net position +10,120 contracts

Source: CFTC Commitments of Traders — positions as of Tuesday, published the following Friday. All position figures are futures contracts unless the % of open interest view is selected. Positioning is a sentiment tool, not a timing signal. Not investment advice.