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    USD/CAD: Fibonacci analysis on 27.11.2015

    The pair may continue growing.

    On the 4-hour chart, the price is growing along the 38.2% fan line, which serves as a support for it. The price still has growth potential, but upward movement towards 1.3400-1.3420 may continue only after the breakout of the level of 1.3350. Alternatively, if the price turns down and consolidates below the level of 1.3317 (23.6% correction), it would continue declining to 1.3266 (38.2% correction).


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