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Sep 16

TECHNICAL ANALYSIS BY NSFX 16.09.2013

By:Nati

High:  Low: 

A gap up in the AUD/USD today sees resistance at the 100 day SMA at 0.9373. Support in the 0.93 figure region, a trading range in this area could take place for the day if there is any indecisiveness in the market going forward. Further resistance may be found at the 0.94 figure going forward, and another support level may be found just the below the 23.6% Fibonacci level at 0.9231. A close above the 0.94 area could see a test of the 38.2% Fibonacci level going forward.

R3
R2
R1
S1
S2
S3