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— Rebecca Howard, New Zealand Herald
Pair's Outlook
By the middle of Tuesday's trading the New Zealand Dollar suffered minor losses against the US Dollar, as the currency exchange rate declined and reached below the 0.69 mark. Just as during yesterday's trading session, the Kiwi still remains positioned to suffer losses against the US Dollar. The reason for that is that the situation has almost not changed, as volatility is gone from the markets prior to the Federal Reserve meeting and final rate decision. It is most likely that the rate will fall down to the weekly S1 at 0.6859 once the Fed finally announce their decision.
Traders' Sentiment
SWFX traders remain bullish on the pair, as 60% of open positions are long. Meanwhile, 63% of trader set up orders are set to buy the Kiwi.
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