Number of traders net-short has increased by 9.82% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| NZD/USD | BULLISH | 48.64% | 51.36% |
-16.49% Daily -24.35% Weekly |
16.59% Daily 9.82% Weekly |
-2.24% Daily -9.96% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -15% | 12% | -3% |
| Weekly | -23% | 13% | -8% |
NZD/USD: Retail trader data shows 48.64% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Mar 12 when NZD/USD traded near 0.61, price has moved 1.25% lower since then. The number of traders net-long is 16.49% lower than yesterday and 24.35% lower from last week, while the number of traders net-short is 16.59% higher than yesterday and 9.82% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests NZD/USD prices may continue to rise.
Our data shows traders are now net-short NZD/USD for the first time since Mar 12, 2024 when NZD/USD traded near 0.61. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
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