AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Feb 26, 2021 when AUD/USD traded near 0.77.
Number of traders net-short has increased by 13.98% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
AUD/USD: Retail trader data shows 49.72% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Feb 26 when AUD/USD traded near 0.77, price has moved 0.52% lower since then. The number of traders net-long is 11.72% higher than yesterday and 9.99% lower from last week, while the number of traders net-short is 30.57% higher than yesterday and 13.98% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/USD prices may continue to rise.
Our data shows traders are now net-short AUD/USD for the first time since Feb 26, 2021 when AUD/USD traded near 0.77. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.
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