AUD/USD Sentiment: Potential Reversal Ahead
The Australian Dollar has been cautiously edging higher in recent days, prompting retail traders to gradually increase their bearish bets on AUD/USD. This shift in sentiment is evident when examining IG Client Sentiment (IGCS), which often acts as a contrarian indicator. Given this context, is it possible that the exchange rate could see further upward movement?
Outlook for AUD/USD Sentiment – Bullish
The IGCS data indicates that approximately 74% of retail traders are currently holding long positions on AUD/USD. As the majority of them remain bullish, this suggests that prices could potentially decline in the future. However, it's worth noting that downside exposure has risen by 21.6% compared to yesterday and 13.5% compared to last week. Considering these recent shifts in positioning, there is a possibility that the price trend could soon reverse and move higher.
Outlook for AUD/USD Sentiment – Bullish
The IGCS data indicates that approximately 74% of retail traders are currently holding long positions on AUD/USD. As the majority of them remain bullish, this suggests that prices could potentially decline in the future. However, it's worth noting that downside exposure has risen by 21.6% compared to yesterday and 13.5% compared to last week. Considering these recent shifts in positioning, there is a possibility that the price trend could soon reverse and move higher.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.