Our data shows traders are now net-long AUD/USD for the first time since Feb 02, 2021 when AUD/USD traded near 0.76.

Our data shows traders are now net-long AUD/USD for the first time since Feb 02, 2021 when AUD/USD traded near 0.76.

Number of traders net-short has decreased by 39.38% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

AUD/USD

BEARISH

50.03%

49.97%

21.21%
Daily

33.02%
Weekly

-35.10%
Daily

-39.38%
Weekly

-15.45%
Daily

-16.70%
Weekly

AUD/USD: Retail trader data shows 50.03% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Feb 02 when AUD/USD traded near 0.76, price has moved 1.93% higher since then. The number of traders net-long is 21.21% higher than yesterday and 33.02% higher from last week, while the number of traders net-short is 35.10% lower than yesterday and 39.38% 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 Feb 02, 2021 when AUD/USD traded near 0.76. 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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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2021/02/26/AUDUSD-IG-Client-Sentiment-1223.html
By: Research

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