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November 07, 2018 @ 16:44 +03:00
NZDUSD continues to rise after the earlier breakout of the resistance zone located between the key resistance level 0.6700 (top of wave 4 from September) and the 61.8% Fibonacci correction of the previous downward impulse from July.
The breakout of this resistance zone accelerated the active impulse wave (C). This price zone is acting as a strong support zone after it was broken.