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.
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.Retail trader data shows 50.20% of traders are net-long with the ratio of traders long to short at 1.01 to 1.traded near 0.61, price has moved 0.16% lower since then. The number of traders net-long is 2.81% higher than yesterday and 9.87% higher from last week, while the number of traders net-short is 13.31% lower than yesterday and 3.
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. EUR/CHF IG Client Sentiment: Our data shows traders are now net-short EUR/CHF for the first time since Apr 25, 2024 when EUR/CHF traded near 0.98.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
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NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Mar 12, 2024 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.
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