Our data shows traders are now net-long AUD/USD for the first time since Jan 20, 2023 when AUD/USD traded near 0.70.
Number of traders net-short has decreased by 13.08% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/USD | BEARISH | 50.51% | 49.49% |
21.62% Daily 19.85% Weekly |
-23.74% Daily -13.08% Weekly |
-6.04% Daily 0.93% Weekly |
AUD/USD: Retail trader data shows 50.51% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Jan 20 when AUD/USD traded near 0.70, price has moved 0.38% higher since then. The number of traders net-long is 21.62% higher than yesterday and 19.85% higher from last week, while the number of traders net-short is 23.74% lower than yesterday and 13.08% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/USD prices may continue to fall.
Our data shows traders are now net-long AUD/USD for the first time since Jan 20, 2023 when AUD/USD traded near 0.70. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
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