🧮Positioning: AUD Extended Short Trimmed, CHF Shorts, NZD Longs Built

**As seen in the IMM Positioning Report, 09/24/21. cablefxm.co.uk/reports

• This week's largest move in non-commercial positioning was seen in CAD net short getting extended. Percentage of open interest in futures contracts moved lower from -5% to -24%

• Most of the group was unchanged but antipodes saw their positions readjusted with AUD paring back extended shorts. AUD %of OI moved higher to -46% from -51%. NZD longs was built with its futures % of OI moving to 22% from 17%

• It is worth noting the divergence in positioning in the antipodes as AUD remains the most extended to the downside while NZD is the most extended to the upside (Z-score over a 5-year horizon in non-commercial positioning)