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Jul 31

TECHNICAL ANALYSIS BY NSFX 31.07.2013

By:Nati

High:  Low: 

Support following a sustained sell off from late April was found around the 90 cent mark, this will most likely be retested, with a close below the support could see a test of 0.8850 Resistance was seen in the 23.6% area on the Fibonacci drawn from the high in late April at the start of the downtrend to the low earlier this month. If the support holds we could see a period of consolidation in the range between support and the Fibo level.

R3
R2
R1
S1
S2
S3