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COT 07/21

Monday, 21 July 2008 18:41:16 GMT

Written by Jamie Saettele, Technical Currency Analyst

Implications: Neutral

COT9_7-21

NZD:  The 52 and 13 week COT indexes jumped this week.  The 13 week index has soared to 75 from just above 0.  With speculators adding to longs so aggressively, expect weakness.

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