Number of traders net-short has decreased by 12.60% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| NZD/USD | BEARISH | 51.14% | 48.86% | 2.27% Daily -0.88% Weekly | -24.56% Daily -12.60% Weekly | -12.87% Daily -6.98% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -10% | -1% | -6% |
| Weekly | -7% | 4% | -3% |
NZD/USD: Retail trader data shows 51.14% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since May 31 when NZD/USD traded near 0.61, price has moved 0.57% lower since then. The number of traders net-long is 2.27% higher than yesterday and 0.88% lower from last week, while the number of traders net-short is 24.56% lower than yesterday and 12.60% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests NZD/USD prices may continue to fall.
Our data shows traders are now net-long NZD/USD for the first time since May 31, 2024 14:00 GMT when NZD/USD traded near 0.61. 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.
