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Dec 02

TECHNICAL ANALYSIS BY NSFX 02.12.2013

By:

High:  Low: 

The cross rate is trading off the demand line that links ascending lows and now the next target could be at 0.9223, then the static resistance at 0.9449. The most relevant resistance level is the coincidence of the supply line and the 200SMA at 0.9543. If the US dollar should gain against the Aussie dollar the first support would be at 0.9050 area. Below it  is likely a test of the 2013 low at 0.8849.

R3
R2
R1
S1
S2
S3