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SSI Positioning for New Zealand Dollar

Thursday, 17 July 2008 13:48:32 GMT

Written by John Kicklighter, Currency Analyst

NZD/USD Ratio: -2.08
Signal: Bullish

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -2.08 as nearly 68% of traders are short. Yesterday, the ratio was at -1.87 as 65% of open positions were short. In detail, long positions are 1.3% higher than yesterday and 19.4% weaker since last week. Short positions are 12.5% higher than yesterday and 37.8% stronger since last week. Open interest is 8.6% stronger than yesterday and 7.2% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

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