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Number of traders net-short has increased by 6.25% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
49.76% |
50.24% |
-1.67%
-10.02% |
25.26%
6.25% |
10.24%
-2.52% |
AUD/USD: Retail trader data shows 49.76% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Jun 03 when AUD/USD traded near 0.72, price has moved 2.54% lower since then. The number of traders net-long is 1.67% lower than yesterday and 10.02% lower from last week, while the number of traders net-short is 25.26% higher than yesterday and 6.25% 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 Jun 03, 2022 when AUD/USD traded near 0.72. 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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