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.
AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since May 21, 2024 03:00 GMT when AUD/USD traded near 0.67.Retail trader data shows 49.74% of traders are net-long with the ratio of traders short to long at 1.01 to 1.traded near 0.67, price has moved 0.09% lower since then. The number of traders net-long is 6.99% lower than yesterday and 1.89% lower from last week, while the number of traders net-short is 10.40% higher than yesterday and 4.
Our data shows traders are now net-short AUD/USD for the first time since May 21, 2024 03:00 GMT when AUD/USD traded near 0.67. EUR/CHF IG Client Sentiment: Our data shows traders are now at their least net-long EUR/CHF since Mar 21 when EUR/CHF traded near 0.97.NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since May 15, 2024 13:00 GMT when NZD/USD traded near 0.61.
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