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NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Mar 12, 2024 when NZD/USD traded near 0.61.

NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Mar 12, 2024 when NZD/USD traded near 0.61.

Research, Research Team

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NZD/USD Client Positioning

Number of traders net-short has increased by 9.82% from last week.

SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI
NZD/USDBULLISH48.64%51.36%

-16.49% Daily

-24.35% Weekly

16.59% Daily

9.82% Weekly

-2.24% Daily

-9.96% Weekly

NZD/USD Bullish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 3% 5% 4%
Weekly -15% 37% 7%
What could changes and extremes in retail trading signal for the market?
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NZD/USD: Retail trader data shows 48.64% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Mar 12 when NZD/USD traded near 0.61, price has moved 1.25% lower since then. The number of traders net-long is 16.49% lower than yesterday and 24.35% lower from last week, while the number of traders net-short is 16.59% higher than yesterday and 9.82% 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 Mar 12, 2024 when NZD/USD traded near 0.61. 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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