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Nov 26

TECHNICAL ANALYSIS BY NSFX 26.11.2013

By:admin

High:  Low: 

The pair has sustained above the 50-day SMA, currently at 1.6083, but not managing to take out the Double Top at the 1.6260. We have seen a consolidation in this range with oscillators elevated, but no confirmation of a reversal yet. Should the pair take out the double top, then we could expect stops above 1.6260, triggering additional upside.

R3
R2
R1
S1
S2
S3