We report results of a magnetic characterization of [Cu$_{30}$Ni$_{70}$(6nm)]$_{20}$ (x=1-7nm) superlattices using Polarized Neutron Reflectometry (PNR) and SQUID magnetometry. The study has shown that the magnetic moment of the structures growths almost linearly from H = 0 to H$_{sat}$ = 1.3kOe which is an indirect evidence of antiferromagnetic (AF) coupling of the magnetic moments in neighbouring layers. PNR, however, did not detect any in-plane AF coupling. Taking into account the out-of-plane easy axis of the Cu$_{30}$Ni$_{70}$ layers, this may mean that only the out-of-plane component of the magnetic moments are AF coupled.