Number of traders net-short has decreased by 44.35% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/USD | BEARISH | 84.35% | 15.65% | 12.62% Daily 83.13% Weekly | -23.71% Daily -44.35% Weekly | 4.81% Daily 34.80% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 9% | -6% | 6% |
| Weekly | -2% | -13% | -5% |
AUD/USD: Retail trader data shows 84.35% of traders are net-long with the ratio of traders long to short at 5.39 to 1. Our data shows traders are now at their most net-long AUD/USD since Oct 08 when AUD/USD traded near 0.64. The number of traders net-long is 12.62% higher than yesterday and 83.13% higher from last week, while the number of traders net-short is 23.71% lower than yesterday and 44.35% 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.
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.
