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USD/NOK is trading nicely higher today, probably unfolding final wave five of 3/C. We may see price reach levels near the Fibonacci ratio of 261.8. in days ahead. However, note that we are observing a five-wave rise within wave 3/C, which means once sub-wave five finds a top, a new three-wave reversal can come in play, probably towards the 8.1163 level.
USD/NOK, 4H
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