New Zealand Dollar at Clear Risk of Further Losses

New Zealand Dollar at Clear Risk of Further Losses

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

NZDUSDA significant move in New Zealand Dollar positioning warns that the NZD may trade to further lows versus the US Dollar.

Trade Implications – NZDUSD: Retail traders are now their most net-long the Kiwi currency since it traded near $0.7500 in 2012, and extremely one-sided sentiment warns of continued declines. A test of multi-month lows of $0.8400 seems likely, and a break lower makes a move towards year-to-date lows of $0.8100 plausible.

See next currency section:EURUSD – Euro Positions at Record, Further Losses Seem Likely

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

New Zealand Dollar at Clear Risk of Further Losses

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

This entry was posted in Binary Options Signals Related News and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *