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Mar 03

TECHNICAL ANALYSIS BY NSFX 03.03.2014

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High:  Low: 

The pair today is trading in a 20 pips range and is very likely that during this session there will be a breakout of this narrow area. Above 1.3820 there is area 1.39.  Intermediate target in case price should rise above the 2013 top is 1.42. A retracement might bring the cross rate to test 1.37 area. Below this level there is the 200SMA at 1.348 and then static support at 1.3420

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