The US Dollar has been weakening against the Australian and New Zealand Dollars. However, net-long bets have been on the rise in AUD/USD and NZD/USD as of late. Is this a bearish warning? Get your market update from ddubrovskyFX here:
/USD long bets.
tends to function as a contrarian indicator. With that in mind, could we see a turning point for AUD and NZD next?shows that about 33% of retail traders are net-long AUD/USD. Since most investors are biased to the downside, this hints that prices may continue rising. However, downside exposure has decreased by 8.30% and 7.71% compared to yesterday and last week, respectively.
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