NZD/USD IG Client Sentiment: 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.

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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




of clients are net long.




of clients are net short.

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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