NZD's Fall Is Far From Over, Especially After Breaking One Trend-Line Already
According to the COT report, more and more NZD long positions were added in the futures market. However, that was possibly in anticipation of NZDUSD's performance as it touched a May, 2013 trend-line.
NZDUSD hit a July, 2011 high and is on its way back down. The anticipated trend-line tested starting in May, 2013 was tested twice on Janurary, 2014 and April, 2014.