Number of traders net-short has elevated by 46.11% from final week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| NZD/USD | BULLISH | 48.09% | 51.91% |
-0.44% Daily -26.62% Weekly |
7.49% Daily 46.11% Weekly |
3.52% Daily -1.05% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -1% | 10% | 4% |
| Weekly | -27% | 48% | -1% |
NZD/USD: Retail dealer data shows 48.09% of traders are net-long with the ratio of traders quick to lengthy at 1.08 to 1. In reality, traders have remained net-short since Mar 17 when NZD/USD traded near 0.63, value has moved 1.37% greater since then. The variety of traders net-long is 0.44% decrease than yesterday and 26.62% decrease from final week, whereas the variety of traders net-short is 7.49% greater than yesterday and 46.11% greater from final week.
We sometimes take a contrarian view to crowd sentiment, and the reality traders are net-short suggests NZD/USD costs might proceed to rise.
Our data shows traders are now net-short NZD/USD for the first time since Mar 17, 2023 when NZD/USD traded near 0.63. Traders are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger NZD/USD-bullish contrarian buying and selling bias.