Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
Source
NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since Feb 19, 2024 09:00 GMT when NZD/USD traded near 0.61.
