Our strongest currency is the US Dollar with a bullish strength factor of 1.73 and with institutions adding more long contracts.
Our weakest currency is the New Zealand Dollar with a bearish strength factor 1.43 and with a net bearish positions of 2,287 meaning that there are a lot of institutions adding on to their short positions (2,983) while at the same time, reducing their long positions (-696).
With a weak NZD and a strong USD, it would be good to look for short NZD/USD positions for this week.
Also worth noting are the weak Japanese Yen, Australian Dollar and the strong Euro, Pound and Canadian dollar.
The material has been provided by InstaForex Company - www.instaforex.com