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– Mark Johnson, OMF (based on New Zealand Herald)
Pair's Outlook
By Thursday noon the Kiwi remained against the Greenback in the same sport, where it was three sessions ago. By midday the currency exchange rate continued trading in the tight range between a resistance cluster located from 0.7163 to 0.7195 and the 38.20% Fibonacci retracement level. As forecasted before, it is most likely that the rate will continue to fluctuate between the before mentioned levels until next week. Moreover, such a hypothesis is confirmed by the daily aggregate technical indicators.
Traders' Sentiment
Traders remain almost neutral, regarding the Kiwi, as 52% of open positions were short on Thursday. In the meantime, 53% of trader set up orders are to buy.
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