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    NZD/USD: Fibonacci analysis on 16.02.2016

    A fall is likely to continue.

    On the 4-hour chart, the price is testing the level of 0.6595 (38.2% correction). Its breakdown would allow the pair to fall to 0.6553 (overlap of 50% corrections for the short-term and medium-term trends), near a crossover with the 61.8% arc. A price rebound from the level of 0.6595 could lead to a growth along the 61.8% arc towards 0.6650 (23.6% correction). 


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