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    NZD/USD: Fibonacci analysis on 18.11.2015

    A short-term upward correction is possible.

    On the 4-hour chart, the price is trying to rebound from the level of 0.6454. A breakout of the level of 0.6500 would allow the pair to grow to 0.6550 (23.6% correction). However, in the medium-term more likely seems to be a breakdown of the level of 0.6454 and a fall continuation. 

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