Number of traders net-short has increased by 4.05% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/USD | BULLISH | 49.74% | 50.26% |
-6.99% Daily -1.89% Weekly |
10.40% Daily 4.05% Weekly |
1.01% Daily 1.01% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -4% | 8% | 2% |
| Weekly | -1% | 1% | 0% |
AUD/USD: Retail trader data shows 49.74% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since May 21 when AUD/USD traded near 0.67, price has moved 0.09% lower since then. The number of traders net-long is 6.99% lower than yesterday and 1.89% lower from last week, while the number of traders net-short is 10.40% higher than yesterday and 4.05% 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 21, 2024 03:00 GMT when AUD/USD traded near 0.67. 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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