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Nov 22

TECHNICAL ANALYSIS BY NSFX 22.11.2013

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This is the third consecutive negative day for AudUsd, after it failed to rise above 0.9442. The next support for the pair is at 0.9192 and below it there is the demand line generated the 2nd of August.  The intermediate target of a bearish scenario for the cross rate is 0.8870. If the pair should rebound 0.9270 would be the first resistance and above it 0.9403. Given the increase of volatility it looks unlikely to reach in a short term the supply line at 0.9588.

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