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Sep 04

TECHNICAL ANALYSIS BY NSFX 04.09.2013

By:Nati

High:  Low: 

The 50 day SMA resistance level is currently being tested, with the next level of resistance in the 0.9175 area drawn from the trend-line on the chart and the area of resistance around the highs of last month. A close above the upper trend-line on the chart would be needed before the downtrend can be reversed. Support at the 0.9040 area. 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
R2
R1
S1
S2
S3