New Zealand Dollar Likely to hit Fresh Lows

DailyFX.com -

New Zealand Dollar Likely to hit Fresh Lows

NEW: View Real-Time SSI Updates via the FXCM Trading Station Desktop

NZDUSD – Retail forex trading crowds remain aggressively long the New Zealand Dollar versus the US Dollar and have remained so since the NZD/USD traded below $0.7600 in May. As long as ‘the crowd’ continues to buy, we’ll remain in favor of selling into declines.

See next currency section: XAUUSD - Gold Prices May Resume Downtrend

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.