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– based on New Zealand Herald
Pair's Outlook
The Kiwi opened Thursday's session higher at 0.7368 than the previous close of 0.7357 against the Greenback. However, after gaining some additional ground the New Zealand Dollar depreciated against the US Dollar by mid-Thursday, as the rate trade reached the 0.7316 level and almost touched the support provided by the 20-day SMA at 0.7312. Although, as the general outlook is still bullish, this might mean that the rate is just once more confirming the lower trend line of its ascending pattern's.
Traders' Sentiment
The SWFX trader sentiment remains unchanged, as 63% of open positions are short. In the e
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