Forexrobots24

forex advisor developer

AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Apr 14, 2022 when AUD/USD traded near 0.74.

AUD/USD Client Positioning

Number of traders net-short has increased by 37.92% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


AUD/USD

BULLISH

48.81%

51.19%

-15.77%
Daily

-34.05%
Weekly

15.35%
Daily

37.92%
Weekly

-2.27%
Daily

-10.01%
Weekly

AUD/USD: Retail trader data shows 48.81% of traders are net-long with the ratio of traders short to long at 1.05 to 1. In fact, traders have remained net-short since Apr 14 when AUD/USD traded near 0.74, price has moved 2.14% lower since then. The number of traders net-long is 15.77% lower than yesterday and 34.05% lower from last week, while the number of traders net-short is 15.35% higher than yesterday and 37.92% 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 Apr 14, 2022 when AUD/USD traded near 0.74. 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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