AUD/USD IG Client Sentiment: Our Data Shows Traders are Now Net-Short AUD/USD for The First Time Since Dec 15, 2022 When AUD/USD Traded Near 0.67.

traders are now

NUMBER OF TRADERS NET-SHORT HAS INCREASED BY 26.18% FROM LAST WEEK.
SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
AUD/USD BULLISH 49.11% 50.89%
-12.19% Daily

-26.51% Weekly

17.40% Daily

26.18% Weekly

0.73% Daily

-6.67% Weekly

AUD/USD: Retail trader data shows 49.11% of traders are net-long with the ratio of traders short to long at 1.04 to 1. In fact, traders have remained net-short since Dec 15 when AUD/USD traded near 0.67, price has moved 1.28% higher since then. The number of traders net-long is 12.19% lower than yesterday and 26.51% lower from last week, while the number of traders net-short is 17.40% higher than yesterday and 26.18% 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 Dec 15, 2022 when AUD/USD traded near 0.67. 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.

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