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– XM (based on investing.com)
Pair's Outlook
The Kiwi had been depreciating for the seventh consecutive trading session against the US Dollar on Thursday. The currency exchange rate was trading just below 0.70 level at 0.6983 by 11:15 GMT during Thursday's session. During Wednesday's session the pair fell below the weekly S1, as it started day's trading session at 0.7054 and ended the trading period at 0.7029. However, daily aggregate technical indicators forecast no change in the exchange rate during today.
Traders' Sentiment
Trader sentiment continue to be bearish on the pair, as 74% of open SWFX positions are short on Thursday. In the meantime, pending orders in the 100-pip range are almost neutral, as 53% of pending commands are short.
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