Number of traders net-short has increased by 32.03% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/USD | BULLISH | 48.85% | 51.15% |
-31.64% Daily -34.26% Weekly |
26.89% Daily 32.03% Weekly |
-10.53% Daily -11.54% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -34% | 34% | -10% |
| Weekly | -36% | 47% | -10% |
AUD/USD: Retail trader data shows 48.85% 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 Dec 04 when AUD/USD traded near 0.66, price has moved 1.45% higher since then. The number of traders net-long is 31.64% lower than yesterday and 34.26% lower from last week, while the number of traders net-short is 26.89% higher than yesterday and 32.03% 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 Dec 04, 2023 04:00 GMT when AUD/USD traded near 0.66. 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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