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Jun 17

TECHNICAL ANALYSIS BY NSFX 17.06.2013

By:admin

High:  Low: 

Last week, the pair managed to take home gains for the fourth week in a row and found resistance at the 50% Fibo retracement in the wave from 2010 low to 2011 high. Trend resistance from 2011 highs coming in just above (coinciding with the 200-week SMA) around 1.3450. Daily, the pair is well bid, but the momentum has faded. Daily oscillators overbought, which could imply some consolidation.

R3
R2
R1
S1
S2
S3