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Jun 13

TECHNICAL ANALYSIS BY NSFX 13.06.2013

By:admin

High:  Low: 

On the weekly chart we see support drawn at 0.9382 tested. This support acted as resistance between late 2009 and early to mid 2010, and was again tested as support in early October 2011. Should we see a close below this level there is a possibility to test Fibo level, 38.2 drawn from the lows in 2008 to the high in July 2011. Major resistance is offered in the region of 0.9638, this acted as major support three times, in November 2010, late September/early October 2011 and again in late May/early June 2012 before begin broken last month.

R3
R2
R1
S1
S2
S3