00 GMT when AUD/USD traded close to 0.78.

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00 GMT when AUD/USD traded close to 0.78.

Variety of merchants net-short has decreased by 16.31% from final week. SYMBOL


AUD/USD Client Positioning

Variety of merchants net-short has decreased by 16.31% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

AUD/USD

BEARISH

50.55%

49.45%

13.72%
Each day

-4.43%
Weekly

-20.30%
Each day

-16.31%
Weekly

-6.10%
Each day

-10.69%
Weekly

AUD/USD: Retail dealer knowledge exhibits 50.55% of merchants are net-long with the ratio of merchants lengthy to quick at 1.02 to 1. In reality, merchants have remained net-long since Jan 20 when AUD/USD traded close to 0.78, value has moved 0.96% decrease since then. The variety of merchants net-long is 13.72% greater than yesterday and 4.43% decrease from final week, whereas the variety of merchants net-short is 20.30% decrease than yesterday and 16.31% decrease from final week.

We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests AUD/USD costs might proceed to fall.

Our knowledge exhibits merchants are actually net-long AUD/USD for the primary time since Jan 20, 2021 06:00 GMT when AUD/USD traded close to 0.78. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger AUD/USD-bearish contrarian buying and selling bias.



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