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New Zealand Dollar Forecast to Continue Higher

The majority of retail FX traders in our sample remain short the New Zealand Dollar versus the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of buying into NZD/USD gains. The ratio of open short positions to those long is a notable 1.8 to 1—matching the largest extreme we’ve seen since the NZD traded near $0.85 in July, 2014.


from DailyFX - Feeds all http://ift.tt/1jQyna8

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