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Dec 18

TECHNICAL ANALYSIS BY NSFX 18.12.2013

By:Nati

High:  Low: 

Head and shoulders formation with a target in the 0.87 figure region, seems to be playing out with the downtrend currently expected to meet some support towards the low towards the end of August towards 0.8892. Resistance approaching 0.8970 with further resistance expected toward the 0.90 figure should buyers of the AUD enter the market.

R3
R2
R1
S1
S2
S3