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- Raymond James' Brown (based on Bloomberg)
Pair's Outlook
The NZD/USD pair eventually closed in red on Monday after trying to appreciate. The Tuesday move was quite bullish since the buyers managed to toss the pair higher, toward the monthly S2 at 0.747. The RSI enters the normal trading levels, while the Alligator and the 55– 100– and 200– SMA's are pointing to the south.
Traders' Sentiment
The market has not changed the amount of participants and 52% of all have their NZD/USD pair trades long. Meanwhile, 13% of traders are holding their 50– pip pending orders short and the 100– pip ones will trigger the buying for 21% of the case.
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