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Nov 04

TECHNICAL ANALYSIS BY NSFX 04.11.2013

By:

High:  Low: 

The cross rate could stay above the demand line with two consecutive spikes and the next test is the dynamic resistance 21SMA at 133.67.  Above that level price could try to break above the trendline that links ascending tops and reach area 135.81.  If the pair should retrace below 132.69 selling pressure could accelerate and the test area 129.3. The intermediate bearish price area should be at 129 area.

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