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SSI Positioning for New Zealand Dollar

Friday, 01 August 2008 12:45:34 GMT

Written by John Kicklighter, Currency Analyst

NZD/USD Ratio: 1.99
Signal: Bearish

NZDUSD - The ratio of long to short positions in the NZDUSD stands at 1.99 as nearly 67% of traders are long. Yesterday, the ratio was at 1.75 as 64% of open positions were long. In detail, long positions are 6.3% higher than yesterday and 25.7% stronger since last week. Short positions are 6.5% lower than yesterday and 4.5% stronger since last week. Open interest is 1.7% stronger than yesterday and 24.6% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.

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