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Aug 15

TECHNICAL ANALYSIS BY NSFX 15.08.2013

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The Aussie dollar is performing well against the greenback, more than 340 pips in 10 calendar days gained. This pair has to win an important key area : the descending trendline from April  2013, the 55 EMA and the static resistance at 0.9306. Important support level at 0.9035; below this area price could retest the 2013 bottom at 0.8847

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