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In the very near term, however, there is a high probability of an upward correction, being that the spot is currently at the lower trend-line that forms the pattern. Support at 1.65 is also implied by the monthly S3, weekly S2 and August low, meaning it is unlikely to be breached easily. In the meantime, the market is undecided with respect to EUR/NZD: 47% of the traders are bullish and 53% of them are bearish.
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