[B]Implications: [/B][B]Bullish[/B]
[B]NZD:[/B] [B]The 52 and 13 week COT indexes are at 2 and 0 after being at 4 and 0. Readings this low are suggestive of a bearish sentiment extreme and reversal opportunity. However, this could also be the beginning of a larger bear trend. In such instances, COT data will indicate an initial bearish extreme before the big decline begins…so be careful. [/B]