Number of traders net-short has increased by 82.83% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/USD | BULLISH | 49.98% | 50.02% |
-14.19% Daily -30.41% Weekly |
35.45% Daily 82.83% Weekly |
5.07% Daily 0.83% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -14% | 26% | 2% |
| Weekly | -27% | 67% | 1% |
AUD/USD: Retail trader data shows 49.98% of traders are net-long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since May 09 when AUD/USD traded near 0.68, price has moved 0.88% lower since then. The number of traders net-long is 14.19% lower than yesterday and 30.41% lower from last week, while the number of traders net-short is 35.45% higher than yesterday and 82.83% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/USD prices may continue to rise.
Our data shows traders are now net-short AUD/USD for the first time since May 09, 2023 when AUD/USD traded near 0.68. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.
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