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Apr 28

TECHNICAL ANALYSIS BY NSFX 28.04.2014

By:

High:  Low: 

The pair is making lower highs and is testing its 21SMA. Below this leve it might test 1.3650 area and then 1.342. Resistance at 1.39 and above this level the multiyear high at  1.3970. A brekout likely will lift the exchange rate to 1.42.

R3
R2
R1
S1
S2
S3