NZD/USD positioning: no extremes present - Westpac

Analysts at Westpac exlained their outlook for NZD/USD positioning.

Key Quotes:

"NZD/USD futures speculators, who we proxy using a combination of leveraged and non-commercial types defined by the CFTC, unwound a moderately net long position after the US election and are currently in a neutral state.

We look for extremes in positioning to signal reversals, but that is not the case at present."