[B]Implications: [/B]Bullish (but see above)
[B]NZD:[/B] The 52 and 13 week COT indexes are at 6 and . Readings have been low for weeks now, which is suggestive of a bearish sentiment extreme and reversal opportunity. However, this could 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.