Number of traders net-short has decreased by 13.90% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/USD |
BEARISH |
50.11% |
49.89% |
23.76%
12.62% |
-17.20%
-13.90% |
-0.73%
-2.38% |
AUD/USD: Retail trader data shows 50.11% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Oct 13 when AUD/USD traded near 0.74, price has moved 0.78% higher since then. The number of traders net-long is 23.76% higher than yesterday and 12.62% higher from last week, while the number of traders net-short is 17.20% lower than yesterday and 13.90% 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 Oct 13, 2021 when AUD/USD traded near 0.74. 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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