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Aug 31

TECHNICAL ANALYSIS BY NSFX 31.08.2014

By:

High:  Low: 

The rate is trading in a 440 pips range. A breakout above 0.9468 will put in a difficult situation trading range traders that will close their short positions. Momentum traders will lift the rate likely to 0.9755.  Below 0.9210 the framework might turn negative with first relevant support in area 0.9078.

R3
R2
R1
S1
S2
S3