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Dec 20

TECHNICAL ANALYSIS BY NSFX 20.12.2013

By:Nati

High:  Low: 

Support expected towards the 141 figure area going forward, with the recent high of 142.90 offering a possible upper resistance level for a period of consolidation should the price level plateau for a time before breaking out of this range. The pair has entered overbought territory so there is a possibility of a correction to the downside, and a breakout strategy could prove useful.

R3
R2
R1
S1
S2
S3