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Pair's Outlook
The Kiwi formed a unsuccessful attack towards the weekly PP at 0.8575. It seems the pair has lost its allure and therefore a decline is expected. And even though the weekly and monthly technical studies are presently bullish, the currency pair is unlikely to move north. The next target for the pair is the 100-day SMA, weekly and monthly S1 at 0.8507/0.8496. In case it is broken then there is no serious obstacles for pair's bears till the weekly S2 at 0.8451.
Traders' Sentiment
The bullish sentiment towards the Kiwi is at the highest level in more than 70 trading days, reaching 33%. Concerning the orders placed 100 pips from the spot, there are basically no changes compared to yesterday—77% are set to buy.
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