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Jan 06

TECHNICAL ANALYSIS BY NSFX 06.01.2014

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The pair is trading on the demand line the was generated on July 2013 and is struggling to keep 1.36 area.  If the dynamic support should work well and price will start to rally the first resistance would be at 1.37 and then 1.39.  In case the dollar should continue its positive moment then below the demand line the 200SMA would be most important support. Now the average is at 1.3355 area.

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