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Dec 12

TECHNICAL ANALYSIS BY NSFX 12.12.2014

By:Nati

High:  Low: 

Resistance met at the area of the 100 day SMA and the upper band of the downward trend channel in the 1.4250/60 region and giving way, with the next level of resistance beyond that expected to be 1.4350, currently under test. Support could be offered in the 1.4050 region should bearish traders push prices lower, with a break below 1.40 leading to another possible test of the recent low at 1.3889

R3
R2
R1
S1
S2
S3