Our data shows traders are now net-long NZD/USD for the first time since Jun 03, 2020 when NZD/USD traded near 0.64.

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NZD/USD Client Positioning

Number of traders net-short has decreased by 33.70% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


NZD/USD

BEARISH

51.66%

48.34%

19.85%
Daily

72.49%
Weekly

-4.69%
Daily

-33.70%
Weekly

6.59%
Daily

-2.77%
Weekly

NZD/USD: Retail trader data shows 51.66% of traders are net-long with the ratio of traders long to short at 1.07 to 1. In fact, traders have remained net-long since Jun 03 when NZD/USD traded near 0.64, price has moved 2.47% higher since then. The number of traders net-long is 19.85% higher than yesterday and 72.49% higher from last week, while the number of traders net-short is 4.69% lower than yesterday and 33.70% 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 Jun 03, 2020 when NZD/USD traded near 0.64. 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.





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