COT 04/07

Published April 7th, 2008 - 08:32 GMT
Al Bawaba
Al Bawaba

Implications: Bullish




NZD:  The 52 and 13 week COT indexes are at 8 and 0.  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.