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NZDCAD continues to rise after the earlier breakout of the resistance trendline of the daily down channel from the middle of September (which encloses the previous minor ABC correction 2). The breakout of this down channel continues the active impulse wave 3. Given the rising New Zealand dollar bullishness seen across the FX markets today, NZDCAD is likely to extend the gains toward the next resistance level 0.88500 (top of the corrective wave (b) from the end of September).
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