Kiwi to take flight

You would think for sure the Kiwi is going to correct at resistance , and I am waiting for this.

Take a look at last weeks COT data :

Open interest > 50 K

Net Non commercials skyrocketed to 21 455 !!!!

The last time a figure was that high was on May 14th 2013 and Kiwi was trading at .8400.

So the smart money are long into Kiwi big time. Makes me think more !!!!!!

In a world of diminishing yield , the Kiwi is an attractive bird.