NZD Signal: 100% Bullish
NZD: The percent of total commercial positions that are long measured through a 52 week percentile is at 88 and the % of total speculative positions that are long measured through a 52 week percentile is at 2. Commercial hedgers are extremely bullish and speculators are extremely bearish. When the 2 groups are on completely opposite sides of the market, the commercials are always on the correct side Kiwi may have a bit of downside left until both of the percentile figures are closer to 0, but things are setting up for a big move higher for Kiwi