Forex Alert

NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Aug 16, 2021 23:00 GMT when NZD/USD traded near 0.70.

NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Aug 16, 2021 23:00 GMT when NZD/USD traded near 0.70.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.

Source: DailyFX – Technical Analysis
Date: August 25, 2021, 04:08