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Dec 18

TECHNICAL ANALYSIS BY NSFX 18.12.2014

By:Nati

High:  Low: 

Breaking out of the downward trend channel last week we have seen EURCAD break through the 1.4450 resistance level, the 1.4635 level tested Tuesday before some possible profit taking occurred. Bearish sentiment took over and we could see 1.4300 as an area of support this session.

R3
R2
R1
S1
S2
S3