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Jan 27

TECHNICAL ANALYSIS BY NSFX 27.01.2014

By:admin

High:  Low: 

The pair has been on the offer for the past 4 weeks and has currently found support at the 23.6% Fibo retracement in the April-December 2013 wave at 139.50, printing a 2014 low of 139.13. Last week, the pair trailed the 50-day SMA, but closed below on Friday for the first time since Nov 2013 and a close below the Fibo would open up for a test of the 100-day SMA and Ichimoku Cloud Base at 137.86.

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