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NZD/USD: Fibonacci analysis on 01.12.2015

A downward correction could start.

On the 4-hour chart, the price tested the level of 0.6652 (61.8% correction), its breakout would allow the pair to grow to 0.6690 and 0.6720. However, a more likely seems a price reverse and the beginning of a downward movement along the 61.8% arc towards the levels of 0.6611 (50% correction) and 0.6572 (38.2% correction). 


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