NZD/USD has broken key support after support level and it seems now that the bearish trend is already oversold. We can't rule ot another retest of the big round number 0.6500 before going up again. The COT report is already warning us that a reversal or at least a bounce should happen because during this last leg down the commercials have become net buyers and they have been accumulating a lot of contracts as the COT report has been moving to extreme levels again (see Figure 1[/…
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