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Jun 19

TECHNICAL ANALYSIS BY NSFX 19.06.2013

By:admin

High:  Low: 

A bearish trend since the close below 20 day moving average in April has met with support around the 0.96 level which coincides with a low in March 2011. A retracement to Fibo level 23.6 drawn from the recent April high before the start of the downtrand to the low this month. Major resistance is in the 0.99 area, which was a major support level throughout 2011 and 2012. A break below the 0.96 level could see downside tests of the 0.945 area.

R3
R2
R1
S1
S2
S3