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.
Our data shows traders are now net-short AUD/USD for the first time since Jan 03, 2024 when AUD/USD traded near 0.67. USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Apr 10, 2024 when USD/CAD traded near 1.37.AUD/JPY IG Client Sentiment: Our data shows traders are now at their least net-long AUD/JPY since Jun 19 when AUD/JPY traded near 97.22.
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