00 GMT when NZD/USD traded close to 0.70.

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00 GMT when NZD/USD traded close to 0.70.

Variety of merchants net-short has elevated by 5.07% from final week. SYMBOL


NZD/USD Client Positioning

Variety of merchants net-short has elevated by 5.07% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

NZD/USD

BULLISH

49.59%

50.41%

-15.83%
Each day

-2.91%
Weekly

3.04%
Each day

5.07%
Weekly

-7.27%
Each day

0.95%
Weekly

NZD/USD: Retail dealer information reveals 49.59% of merchants are net-long with the ratio of merchants quick to lengthy at 1.02 to 1. Actually, merchants have remained net-short since Mar 24 when NZD/USD traded close to 0.70, worth has moved 0.04% decrease since then. The variety of merchants net-long is 15.83% decrease than yesterday and a pair of.91% decrease from final week, whereas the variety of merchants net-short is 3.04% increased than yesterday and 5.07% increased from final week.

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

Our information reveals merchants are actually net-short NZD/USD for the primary time since Mar 24, 2021 15:00 GMT when NZD/USD traded close to 0.70. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger NZD/USD-bullish contrarian buying and selling bias.

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