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Aug 26

TECHNICAL ANALYSIS BY NSFX 26.08.2013

By:Nati

High:  Low: 

Resistance could be seen in the 0.9040 area, beyond that some 0.9060 could generate interest. On the downside should a continuation of the downtrend continue and support in the 0.8970-80 area is broken, we could see a retest of the low from the 5th of August at 0.8845. A close below 0.8875 could see further selling, although it remains a possibility there could be buying interest before this level is taken out.

R3
R2
R1
S1
S2
S3