Number of traders net-short has decreased by 1.87% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| NZD/USD | BULLISH | 48.93% | 51.07% |
-2.33% Daily -8.06% Weekly |
28.43% Daily -1.87% Weekly |
11.28% Daily -5.00% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 3% | 2% | 2% |
| Weekly | -24% | 39% | 2% |
NZD/USD: Retail trader data shows 48.93% of traders are net-long with the ratio of traders short to long at 1.04 to 1. In fact, traders have remained net-short since Feb 12 when NZD/USD traded near 0.61, price has moved 0.26% higher since then. The number of traders net-long is 2.33% lower than yesterday and 8.06% lower from last week, while the number of traders net-short is 28.43% higher than yesterday and 1.87% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests NZD/USD prices may continue to rise.
Our data shows traders are now net-short NZD/USD for the first time since Feb 12, 2024 09:00 GMT when NZD/USD traded near 0.61. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.