Home ForexArticles 00 GMT when AUD/USD traded near 0.77.

00 GMT when AUD/USD traded near 0.77.

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Number of traders net-short has decreased by 4.05% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


AUD/USD

BEARISH

51.47%

48.53%

16.34%
Daily

8.63%
Weekly

-20.25%
Daily

-4.05%
Weekly

-4.84%
Daily

2.09%
Weekly

AUD/USD: Retail trader data shows 51.47% of traders are net-long with the ratio of traders long to short at 1.06 to 1. In fact, traders have remained net-long since Jun 04 when AUD/USD traded near 0.77, price has moved 0.56% lower since then. The number of traders net-long is 16.34% higher than yesterday and 8.63% higher from last week, while the number of traders net-short is 20.25% lower than yesterday and 4.05% 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 Jun 04, 2021 15:00 GMT when AUD/USD traded near 0.77. 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.



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