Number of traders net-short has elevated by 81.38% from final 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 | -1% | 35% | 15% |
| Weekly | -36% | 99% | -1% |
AUD/USD: Retail dealer data shows 49.44% of traders are net-long with the ratio of traders brief to lengthy at 1.02 to 1. In truth, traders have remained net-short since Feb 15 when AUD/USD traded near 0.69, value has moved 1.70% decrease since then. The variety of traders net-long is 0.38% greater than yesterday and 38.11% decrease from final week, whereas the variety of traders net-short is 26.43% greater than yesterday and 81.38% greater from final week.
We usually take a contrarian view to crowd sentiment, and the truth traders are net-short suggests AUD/USD costs could proceed 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 additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger AUD/USD-bullish contrarian buying and selling bias.