Number of traders net-short has decreased by 26.89% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/USD | BEARISH | 50.50% | 49.50% |
10.57% Daily 13.92% Weekly |
-16.03% Daily -26.89% Weekly |
-4.42% Daily -10.75% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 11% | -16% | -4% |
| Weekly | 14% | -27% | -11% |
AUD/USD: Retail trader data shows 50.50% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Dec 19 when AUD/USD traded near 0.67, price has moved 0.11% higher since then. The number of traders net-long is 10.57% higher than yesterday and 13.92% higher from last week, while the number of traders net-short is 16.03% lower than yesterday and 26.89% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/USD prices may continue to fall.
Our data shows traders are now net-long AUD/USD for the first time since Dec 19, 2023 when AUD/USD traded near 0.67. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
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