NZD/USD Client Positioning

Number of traders net-short has increased by 46.11% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
NZD/USD BULLISH 48.09% 51.91%

-0.44% Daily

-26.62% Weekly

7.49% Daily

46.11% Weekly

3.52% Daily

-1.05% Weekly




of clients are net long.




of clients are net short.

Change in Longs Shorts OI
Daily 0% 7% 4%
Weekly -27% 46% -1%

NZD/USD: Retail trader data shows 48.09% of traders are net-long with the ratio of traders short to long at 1.08 to 1. In fact, traders have remained net-short since Mar 17 when NZD/USD traded near 0.63, price has moved 1.37% higher since then. The number of traders net-long is 0.44% lower than yesterday and 26.62% lower from last week, while the number of traders net-short is 7.49% higher than yesterday and 46.11% higher 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 Mar 17, 2023 when NZD/USD traded near 0.63. 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.





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