Our data shows traders are now at their most net-long AUD/USD since Aug 23 when AUD/USD traded near 0.72.

  

[ad_1]

AUD/USD Client Positioning

Number of traders net-short has decreased by 19.46% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


AUD/USD

BEARISH

71.34%

28.66%

1.67%
Daily

6.32%
Weekly

-6.10%
Daily

-19.46%
Weekly

-0.69%
Daily

-2.61%
Weekly

AUD/USD: Retail trader data shows 71.34% of traders are net-long with the ratio of traders long to short at 2.49 to 1. Our data shows traders are now at their most net-long AUD/USD since Aug 23 when AUD/USD traded near 0.72. The number of traders net-long is 1.67% higher than yesterday and 6.32% higher from last week, while the number of traders net-short is 6.10% lower than yesterday and 19.46% lower from last week.

See also  Anticipation of US Growth Data

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/USD prices may continue to fall.

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.



[ad_2]

Read more here