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NZDUSD today broke through the combined resistance area lying between the resistance level 0.65500, resistance trendline of the daily up channel from October and the 61,8% Fibonacci correction of the previous the sharp downward impulse from July. Given the strengthening bullish sentiment affecting the New Zealand dollar – NZDUSD is likely to remain under the bullish pressure and to rise toward the next resistance level 0.66000 (target price for the completion of the active impulse wave (iii)).
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