News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
New Zealand Dollar May Soon set Tradable Top

New Zealand Dollar May Soon set Tradable Top

David Rodriguez, Head of Product
ssi_nzd-usd_body_Picture_15.png, New Zealand Dollar May Soon set Tradable Top

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

NZDUSDExtremely one-sided forex positions warn that the New Zealand Dollar may soon set a significant price and sentiment extreme.

Trade Implications – NZDUSD: Retail traders recently hit their most short NZDUSD on record. We typically go against the crowd; if everyone’s short we prefer to be long. Yet extremely one-sided positions often warn of the top.

Short interest is now nearly half of what it was at its recent peak, and early signs of crowd capitulation at these levels warn that the turn is near. Our Senior Technical Strategist writes that the NZD will need to move below resistance-turned-support at $0.8450 to suggest a “tradable top” is in place.

--- Written by David Rodriguez, Quantitative Strategist for

ssi_nzd-usd_body_Picture_9.png, New Zealand Dollar May Soon set Tradable Top

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.