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Sep 24

TECHNICAL ANALYSIS BY NSFX 24.09.2013

By:

High:  Low: 

The pair retraced 150pips from the top of the rally that started  the second of this month.  Now  considering  the lower shadow of the candle the pair could be ready to test again area 0.9545. the intermediate target of the rally is the 200SMA at 0.9835. If risk appetite should decrease  carry trade currencies like the aussie will lose ground and could retrace to 0.92 area.

R3
R2
R1
S1
S2
S3