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Jun 13

TECHNICAL ANALYSIS BY NSFX 13.06.2013

By:admin

High:  Low: 

Following a daily close above the trend resistance from March 2013, the pair has been grinding higher overnight and is currently trading above the 61.8% Fibo retracement in the 2013 high-low wave. A daily close above this level would put the weekly picture into perspective as we expect key resistance at the 200-week SMA (green) along with trend resistance from 2011 highs area 1.3450/60 as seen on the chart.

R3
R2
R1
S1
S2
S3