Number of traders net-short has increased by 37.92% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
BULLISH | 48.81% | 51.19% | -15.77% -34.05% | 15.35% 37.92% | -2.27% -10.01% |
AUD/USD: Retail trader data shows 48.81% of traders are net-long with the ratio of traders short to long at 1.05 to 1. In fact, traders have remained net-short since Apr 14 when AUD/USD traded near 0.74, price has moved 2.14% lower since then. The number of traders net-long is 15.77% lower than yesterday and 34.05% lower from last week, while the number of traders net-short is 15.35% higher than yesterday and 37.92% 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 Apr 14, 2022 when AUD/USD traded near 0.74. 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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