As per COTR, it shows similar information whereby NZD's Net Position continues to increase from 4.9K to 13.6K in the last 15 weeks (from -40k to 13.6 for year 2020). As for USD's Net Position continues to decline from -5.7K to -14.8K in the last 15 weeks (31.2K to -14.8K for year 2020).
There might be a pull back (profit taking) from time to time but the general trend for 3-6 months shows that the uptrend markets are those with strong currency while the downtrend markets are those with weak currency.
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