Being short AUD futures is by no means a new idea, as traders have been met-short the currency since May last year and at a record amount in October 2021 and January 2022. Whilst gross shorts remained effectively flat last week, gross longs increased for a second consecutive week with around 9.7k contracts added over this period. Whilst this may not be an ideal long signal, it does warrant caution being short the Aussie at such extreme levels. CAD futures: {chart} Traders increased net-long exposure to Canadian dollar futures to a 28-week high and has been mostly a function of short-covering. Gross shorts were ... (full story)