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Pair's Outlook
The Kiwi started Friday's session higher against the US Dollar, as it opened the session at 0.7291 and touched the 0.73 mark at one moment. However, the rate fell afterwards, and it possible that the pair will continue the downwards movement, as by 11:15 GMT it was at 0.7272 and had been more volatile to the downside. However, the daily aggregate technical indicators forecast a surge for the NZD/USD pair during the day. Although, the previous momentum might not be enough to stop the impact of negative fundamental data, which hit the rate on Friday.
Traders' Sentiment
SWFX traders remain short on the pair, as 62% of open positions are bearish on Friday. In the meantime, pending commands remained unchanged and are 62% long.
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