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- BP Communications (based on Business Day)
Pair's Outlook
Pair has declined marginally today after a few rather volatile sessions yesterday and the day before which suggest that it has found it direction and at the moment it seems that recent peak could be perceived as a second top for Double Top pattern. This would indicate that pair is going to depreciate further, but as technical are pointing at completely the opposite direction this decline might be rather bumpy.
Traders' Sentiment
Similarly to other pacific currency, the Australian dollar, the kiwi is sold versus the greenback by 73% of traders. In addition, there are similarities regarding distribution of pending orders as well—60% of them are to go long.
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