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How EURNZD positioning is sitting
Retail traders are currently 54% short on EURNZD — balanced enough that our engine gives positioning no contrarian weight, which it only starts to do beyond 60%. That is 14 points more short than a week ago. The book has stayed net short for 3 readings in a row. Across the last 22 readings it has swung between 42% and 66% long.
We read positioning against the crowd: the more one-sided the book, the more weight it carries as a contrarian signal, and below 60% it carries none. It is one of five factors in the signal for this pair — never a trade on its own. The full read, with levels, patterns and volatility, is on the EURNZD analysis page.