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Oct 21

TECHNICAL ANALYSIS BY NSFX 21.10.2014

By:Nati

High:  Low: 

Finding a floor in the 0.8660 region the year’s low so far and subsequent buying interest. A major reversal will have to take place to reverse the bearish trend. An interesting time ahead for the pair as failure to pass the 0.89 figure and then the 0.8920/40 resistance could see the downtrend gather pace should the support at 0.8660 give way, with 0.8580 the next level eyed.

R3
R2
R1
S1
S2
S3