Number of traders net-short has increased by 10.98% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/USD |
BULLISH |
48.35% |
51.65% |
-22.66%
-20.56% |
-0.10%
10.98% |
-12.45%
-6.89% |
AUD/USD: Retail trader data shows 48.35% of traders are net-long with the ratio of traders short to long at 1.07 to 1. In fact, traders have remained net-short since Jan 14 when AUD/USD traded near 0.72, price has moved 0.03% higher since then. The number of traders net-long is 22.66% lower than yesterday and 20.56% lower from last week, while the number of traders net-short is 0.10% lower than yesterday and 10.98% 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 Jan 14, 2022 when AUD/USD traded near 0.72. 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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