[B]Signal: [/B]Bullish
[B]NZD:[/B] The 13-week COT index has hit extremes at 0/100, while the 52-week index currently rests at a similarly overextended 14/100. Such developments would suggest that recent NZDUSD selling may subside on increasingly one-sided interest. As such, we maintain a bullish bias on the pair when viewed from a COT positioning point of view.