AUD/USD IG Client Sentiment: Our data shows traders are now net-long AUD/USD for the first time since Mar 17, 2022 when AUD/USD traded near 0.74.
Number of traders net-short has decreased by 24.80% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
AUD/USD: Retail trader data shows 50.26% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Mar 17 when AUD/USD traded near 0.74, price has moved 0.95% higher since then. The number of traders net-long is 4.62% higher than yesterday and 43.24% higher from last week, while the number of traders net-short is 3.70% lower than yesterday and 24.80% 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 Mar 17, 2022 when AUD/USD traded near 0.74. 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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