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New Zealand Dollar COT Divergence

Written by Hugh, on February 9th, 2009

On the last COT report, there was bullish divergence in the NZD in the futures market.  Is this a good time to be going long the NZD?  I’m going to look into it.




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Hugh

Yup, guess not huh? No, it was just purely looking at the COT data. The institutional traders were very long and the specs were very short so you usually have to follow the big money. Or so the setup goes.

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Thomas Gibbs

I guess the answer to the question was no....what did you see? Do you see a box forming?

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