NZD/USD: Retail trader data shows 80.80% of traders are net-long with the ratio of traders long to short at 4.21 to 1. Our data shows traders are now at their most net-long NZD/USD since Aug 13 when NZD/USD traded near 0.60. The number of traders net-long is 4.00% higher than yesterday and 2.86% lower from last week, while the number of traders net-short is 9.48% lower than yesterday and 28.08% lower from last week.

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.

https://www.dailyfx.com/analysis/NZDUSD-IG-Client-Sentiment-202309050823.html