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Aug 02

TECHNICAL ANALYSIS BY NSFX 02.08.2013

By:admin

High:  Low: 

After testing trend resistance from the 2013 highs, the pair sold off heavily in yesterdays trading session and found support at 23.6% Fibo retracement in the recent wave just above the 1.32-figure. 50-day SMA crossover of 200-day SMA could provide some support along with oversold momentum indicators in the short term. Weekly, the pair so far is set for it’s first loss in four weeks.

R3
R2
R1
S1
S2
S3