Number of traders net-short has decreased by 31.73% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
AUD/USD: Retail trader data shows 50.73% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Oct 01 when AUD/USD traded near 0.72, price has moved 1.42% lower since then. The number of traders net-long is unchanged than yesterday and 7.26% higher from last week, while the number of traders net-short is 21.08% lower than yesterday and 31.73% 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 Oct 01, 2020 when AUD/USD traded near 0.72. 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.