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"The delay of one year in the return to balance, based in part on global risks, does not represent a significant departure from earlier plans, although it highlights the fiscal stance's continuing vulnerability to global risks."
- CIBC World Markets (based on Reuters)
Pair's Outlook
Pair is strengthening positions above parity condition and is approaching recent highs/Bollinger band at 1.035. However, once you take a look at technical indicators, outlook of the pairs future looks rather grim. It should not drop far below parity condition, but for the time being it does not seem that breaching 1.035 it a plausible target for the pair.
Traders' Sentiment
Bulls gave up additional 5% of the market—today they account for 52% of all market participants. However, share of pending long orders holds steadily at 66% mark.
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