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- Raymond James' Brown (based on Bloomberg)
Pair's Outlook
The NZD/USD pair was little volatile today and the market participants were not able to move the price anywhere far away from the previous day close at 0.745. In case of a break above the May 2012 low level at 0.746, the immediate resistance will be found at 0.751, the trend-line.
Traders' Sentiment
The market did not lose the interest from traders since 51% of all have their NZD/USD pair trades long. Meanwhile, 22% of traders are holding their 50– pip pending orders short and the 100– pip ones will trigger the buying for 5% of the case.
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