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– Imre Speizer, Westpac Banking Corp (based on New Zealand Herald)
Pair's Outlook
The Kiwi remained exactly at Tuesday's trading session's closing level against the US Dollar by the middle of Wednesday's trading session. The stagnation occurred due to the markets expecting Donald Trump's speech. In the meantime, aggregate technical indicators forecasted no changes in the pair by the end of the day. However, the rate remains in an ascending medium term channel, in accordance with which the rate could surge up to the 0.71 mark. That would occur in the case of Trump saying nothing significant to the economy.
Traders' Sentiment
SWFX traders remain bearish on the Kiwi, as 60% of trader open positions were short on Wednesday. In the meantime, 53% of pending commands set up by traders are set up to sell.
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