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NZDUSD recently broke above the resistance area lying between the key resistance level 0.6430 (which has been reversing the price from the start for September) and the 38,2% Fibonacci correction of the previous downward impulse wave (C) from the middle of July. Given the strength of the active impulse wave 3 – NZDUSD is likely to remain under the bullish pressure and to rise toward the next resistance level 0,6550 (target for the completion for the active impulse wave 3).
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