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NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since May 31, 2024 14:00 GMT when NZD/USD traded near 0.61.

NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since May 31, 2024 14:00 GMT when NZD/USD traded near 0.61.

Research, Research Team

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NZD/USD Client Positioning

Number of traders net-short has decreased by 12.60% from last week.

SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI
NZD/USDBEARISH51.14%48.86%

2.27% Daily

-0.88% Weekly

-24.56% Daily

-12.60% Weekly

-12.87% Daily

-6.98% Weekly

NZD/USD Mixed
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 0% 12% 5%
Weekly 15% 12% 14%
What could changes and extremes in retail trading signal for the market?
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NZD/USD: Retail trader data shows 51.14% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since May 31 when NZD/USD traded near 0.61, price has moved 0.57% lower since then. The number of traders net-long is 2.27% higher than yesterday and 0.88% lower from last week, while the number of traders net-short is 24.56% lower than yesterday and 12.60% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests NZD/USD prices may continue to fall.

Our data shows traders are now net-long NZD/USD for the first time since May 31, 2024 14:00 GMT when NZD/USD traded near 0.61. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.

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