Guys, this is awesome stuff. I jumped in long aiming for 0.84400.
Guess what? Momentum is biased upwards.. you could argue that we are close to multiyear highs, that there's huge resistance up there... totally true but...;
Retail crowds have never been so short on the New Zealland Dollar (this chart is from 08 March so not so accurate for today, but still gives a clue of todays retail positioning...)
I think we can expect a strong push from dealers and large speculators to trigger huge stops up there, unload some longs opened at lower levels and put pressure on all institutional shorts... lets play with them And put some pressure on weaker traders
Guess what? Momentum is biased upwards.. you could argue that we are close to multiyear highs, that there's huge resistance up there... totally true but...;
Attached Image
Retail crowds have never been so short on the New Zealland Dollar (this chart is from 08 March so not so accurate for today, but still gives a clue of todays retail positioning...)
I think we can expect a strong push from dealers and large speculators to trigger huge stops up there, unload some longs opened at lower levels and put pressure on all institutional shorts... lets play with them And put some pressure on weaker traders