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Aug 06

TECHNICAL ANALYSIS BY NSFX 06.08.2013

By:Nati

High:  Low: 

Support level at 0.8871 from 2010 was tested yesterday and in this morning's session before some buyers took interest. If buying continues we could see some resistance between 0.90 and 0.9040 before the possibility of a confirmed retracement, a close above 0.9040 could see a move towards the 23.6% Fibonacci level drawn from the recent high on the 11th of April and yesterday's low, although 0.9140 could prove an interesting area of resistance should we see the pair attract more buying interest.

R3
R2
R1
S1
S2
S3