Our strongest currency is the US Dollar with a bullish strength factor of 1.73 and with institutions adding more long contracts.
Our weakest currency is the New Zealand Dollar with a bearish strength factor 1.43 and with a net bearish positions of 2,287 meaning that there are a lot of institutions adding on to their short positions (2,983) while at the same time, reducing their long positions (-696).
With a weak NZD and a strong USD, it would be good to look for short NZD/USD positions for this week.
Also worth noting are the weak Japanese Yen, Australian Dollar and the strong Euro, Pound and Canadian dollar.
