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Sep 03

TECHNICAL ANALYSIS BY NSFX 03.09.2013

By:Nati

High:  Low: 

Support in the 0.8900 region, drawn from the supporting trend-line tested last month. Resistance could be found in the 0.9050 area before the 50 day SMA can be tested. A close above the upper trend-line on the chart would be needed before the downtrend can be reversed. Supporting trend-line on the downside, if broken, could open up for a retest of last month's low at 0.8846 although we may see a period of consolidation before this might happen.

R3
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R1
S1
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S3