| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| AUD/USD | BULLISH | 49.85% | 50.15% |
-24.77%Daily -25.84%Weekly |
44.57%Daily 32.67%Weekly |
-0.94%Daily -4.78%Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -5% | 8% | 2% |
| Weekly | -33% | 65% | 4% |
AUD/USD: Retail trader data shows 49.85% of traders are net-long with the ratio of traders short to long at 1.01 to 1.In fact, traders have remained net-short since Jun 21 when AUD/USD traded near 0.68, price has moved 0.96% higher since then. The number of traders net-long is 24.77% lower than yesterday and 25.84% lower from last week, while the number of traders net-short is 44.57% higher than yesterday and 32.67% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/USDprices may continue to rise.
Our data shows traders are now net-short AUD/USD for the first time since Jun 21, 2023 when AUD/USD traded near 0.68. 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.
Source https://www.dailyfx.com/analysis/AUDUSD-IG-Client-Sentiment-202307131223.html
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