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Sep 28

TECHNICAL ANALYSIS BY NSFX 28.09.2014

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High:  Low: 

The pair is trading is trading 100 pips from its 2014 low and Bollinger bands are so wide that a short term decrease of volatility seems the most likely scenario. A rally to 0.8890 might create a trading range environment. Above this level then there is area 0.90 and then 0.92. Below 0.86 the rate should test 0.8312 and then 0.80.

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