SSI Positioning for New Zealand Dollar

Published July 17th, 2008 - 05:48 GMT
Al Bawaba
Al Bawaba

NZD/USD Ratio: -2.08
Signal: Bullish



NZDUSD - The ratio of long to short positions in the NZDUSD stands at -2.08 as nearly 68% of traders are short. Yesterday, the ratio was at -1.87 as 65% of open positions were short. In detail, long positions are 1.3% higher than yesterday and 19.4% weaker since last week. Short positions are 12.5% higher than yesterday and 37.8% stronger since last week. Open interest is 8.6% stronger than yesterday and 7.2% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.