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Number of traders net-short has decreased by 14.71% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/USD | BEARISH | 50.46% | 49.54% |
11.30% Daily 7.60% Weekly |
-12.50% Daily -14.71% Weekly |
-1.91% Daily -4.74% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 5% | 4% | 4% |
| Weekly | 18% | -5% | 5% |
AUD/USD: Retail trader data shows 50.46% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Jun 12 when AUD/USD traded near 0.68, price has moved 0.47% higher since then. The number of traders net-long is 11.30% higher than yesterday and 7.60% higher from last week, while the number of traders net-short is 12.50% lower than yesterday and 14.71% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/USD prices may continue to fall.
Our data shows traders are now net-long AUD/USD for the first time since Jun 12, 2023 08:00 GMT when AUD/USD traded near 0.68. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
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