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COT 02/23
Monday, 23 February 2009 20:05:30 GMT
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NZD: New Zealand Dollar speculators are net short and commercials net long.
However, the 13 week index has bounced from 0 in recent weeks. This warns that the difference between speculative and commercial positioning may need to decline prior to resumption of the trend. The long term trend is still down however.
Implications: neutral
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