NZD/USD Client Positioning

Number of traders net-short has decreased by 10.18% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


NZD/USD

BEARISH

58.83%

41.17%

3.22%
Daily

-6.12%
Weekly

-2.76%
Daily

-10.18%
Weekly

0.67%
Daily

-7.83%
Weekly

NZD/USD: Retail trader data shows 58.83% of traders are net-long with the ratio of traders long to short at 1.43 to 1. Our data shows traders are now at their most net-long NZD/USD since Mar 29 when NZD/USD traded near 0.70. The number of traders net-long is 3.22% higher than yesterday and 6.12% lower from last week, while the number of traders net-short is 2.76% lower than yesterday and 10.18% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests NZD/USD prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.

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