Our data shows traders are now net-short AUD/USD for the first time since Feb 15, 2023 when AUD/USD traded near 0.69.
Number of traders net-short has increased by 81.38% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/USD | BULLISH | 49.44% | 50.56% |
0.38% Daily -38.11% Weekly |
26.43% Daily 81.38% Weekly |
12.05% Daily -7.20% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -2% | 36% | 15% |
| Weekly | -37% | 95% | -1% |
AUD/USD: Retail trader data shows 49.44% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Feb 15 when AUD/USD traded near 0.69, price has moved 1.70% lower since then. The number of traders net-long is 0.38% higher than yesterday and 38.11% lower from last week, while the number of traders net-short is 26.43% higher than yesterday and 81.38% 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 Feb 15, 2023 when AUD/USD traded near 0.69. 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.
Comments are closed.