New Zealand Dollar Rally Falls Short

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

NZDUSD – Choppy moves in the New Zealand Dollar have forced similar indecision in trader sentiment, and our short-term trading bias remains neutral until we see further clarity.

Trade Implications NZDUSD – Our retail FX trader data showed the majority of traders turned short the New Zealand Dollar versus the US Dollar through last week’s trading, and a contrarian view of sentiment led us to call for NZD strength. Yet that proved short-lived as traders are once again net-long, and we’ll wait for a more sustained shift in crowd positioning before calling for a larger NZDUSD reversal.  

Read more at Click here / www.trade4x.net