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"There's a little more rate cuts priced in for New Zealand, and a little less for Australia, which has seen interest rates widening."
-Commonwealth Bank of Australia (based on TVNZ)
Pair's Outlook
Pair tried to pickup back above 0.82, but did not manage to breach first resistance barrier at 0.8206/09. Currently it is stuck between support and resistance levels at 0.8185/77. If pair wont get bullish impetus from weekly PP there is rather strong probability we will see a dip to 0.8116/08 or 0.8095/832 early in the next week.
Traders' Sentiment
For the third day in a row, clear majority of traders, 65% to be precise, continue to hold short positions on the pair. Although for majority of the week pending orders were to go long, today they are in equilibrium with orders to go short on the pair.
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