New Zealand Dollar at Clear Risk of Further Losses

By DailyFx | Updated July 31, 2014 AAA

DailyFX.com - 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

Related Forex Analysis
  1. NZD/USD Bearish Pattern Falls Flat As Consolidation Endures
    Forex News

    NZD/USD Bearish Pattern Falls Flat As Consolidation Endures

  2. Euro May Look Past CPI Data, NZ Dollar Down on Building Permits Drop
    Forex News

    Euro May Look Past CPI Data, NZ Dollar Down on Building Permits Drop

  3. NZD/USD Technical Analysis: Familiar Support in Play Again
    Forex News

    NZD/USD Technical Analysis: Familiar Support in Play Again

  4. NZD/USD Break on the Horizon?
    Forex News

    NZD/USD Break on the Horizon?

  5. New Zealand Dollar Likely to Fall Further
    Forex News

    New Zealand Dollar Likely to Fall Further

Trading Center