Our data shows traders are now at their most net-long NZD/USD since Aug 23 when NZD/USD traded near 0.69.

  

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NZD/USD Client Positioning

Number of traders net-short has decreased by 35.58% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


NZD/USD

BEARISH

67.74%

32.26%

2.08%
Daily

45.07%
Weekly

-23.64%
Daily

-35.58%
Weekly

-7.92%
Daily

3.33%
Weekly

NZD/USD: Retail trader data shows 67.74% of traders are net-long with the ratio of traders long to short at 2.10 to 1. Our data shows traders are now at their most net-long NZD/USD since Aug 23 when NZD/USD traded near 0.69. The number of traders net-long is 2.08% higher than yesterday and 45.07% higher from last week, while the number of traders net-short is 23.64% lower than yesterday and 35.58% lower from last week.

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We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests NZD/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 NZD/USD-bearish contrarian trading bias.



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