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COT 03/09
Monday, 09 March 2009 19:47:52 GMT  |  Jamie Saettele, Senior Currency Strategist
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NZD:  New Zealand Dollar speculators are net short and commercials net long. 

030909_cot_5

However, the 13 week index is at 0.  This warns that the difference between speculative and commercial positioning may need to decline prior to resumption of the trend. 

Implications:
neutral

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