What does the cryptic crossword clue "Like position of moderate, as shown in recent rally (7)" mean?

The definition is "Like position of moderate,". The wordplay uses a hidden word. Hidden in "like position of moderate, as shown in reCENT RALly" The answer is CENTRAL.

Like position of moderate, as shown in recent rally (7)

Guardian Cryptic #27945 | 19 Across | 2019-10-07 flower

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