AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Nov 07, 2019 when AUD/USD traded near 0.69.
Number of traders net-short has increased by 7.82% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
AUD/USD: Retail trader data shows 49.35% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since Nov 07 when AUD/USD traded near 0.69, price has moved 0.38% higher since then. The number of traders net-long is 7.81% lower than yesterday and 24.74% lower from last week, while the number of traders net-short is 1.97% lower than yesterday and 7.82% 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 Nov 07, 2019 when AUD/USD traded near 0.69. 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.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.