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Number of traders net-short has increased by 38.27% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| NZD/USD | BULLISH | 49.44% | 50.56% |
-19.70% Daily 2.32% Weekly |
15.32% Daily 38.27% Weekly |
-5.13% Daily 17.80% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -20% | 15% | -5% |
| Weekly | 2% | 38% | 18% |
NZD/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 Jan 15 when NZD/USD traded near 0.62, price has moved 1.23% lower since then. The number of traders net-long is 19.70% lower than yesterday and 2.32% higher from last week, while the number of traders net-short is 15.32% higher than yesterday and 38.27% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests NZD/USD prices may continue to rise.
Our data shows traders are now net-short NZD/USD for the first time since Jan 15, 2024 when NZD/USD traded near 0.62. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
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