[B]Implications: [/B][B]Bullish[/B]
[B]NZD:[/B] [B]The 52 and 13 week COT indexes are at 10 and 8 after being at 8 and 0 the week before. Similar to the CAD, readings this low are suggestive of a bearish sentiment extreme. Look for opportunities to buy the NZD as it should outperform in the coming weeks.[/B]