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Jan 14

TECHNICAL ANALYSIS BY NSFX 14.01.2014

By:Nati

High:  Low: 

Last week saw 1.42 offering support. Resistance now expected in the 142 support turned resistance area. Should we see prices fall below the 140 figure area the bullish trend may be losing momentum as this would signify a retracement back below the 32.8% Fibonacci level drawn from the November ’13 low to the recent high on the 27th of December.

R3
R2
R1
S1
S2
S3