00 GMT when AUD/USD traded near 0.78.


AUD/USD Client Positioning

Number of traders net-short has decreased by 16.31% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

AUD/USD

BEARISH

50.55%

49.45%

13.72%
Daily

-4.43%
Weekly

-20.30%
Daily

-16.31%
Weekly

-6.10%
Daily

-10.69%
Weekly

AUD/USD: Retail trader data shows 50.55% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Jan 20 when AUD/USD traded near 0.78, price has moved 0.96% lower since then. The number of traders net-long is 13.72% higher than yesterday and 4.43% lower from last week, while the number of traders net-short is 20.30% lower than yesterday and 16.31% 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 Jan 20, 2021 06:00 GMT when AUD/USD traded near 0.78. 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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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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