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Apr 30

TECHNICAL ANALYSIS BY NSFX 30.04.2014

By:

High:  Low: 

The pair is trading below its 21SMA and if a retracement will happen the pair could test the 200SMA, now at 1.365. The most important test in a bearish scenario would be the demand line generated on June 2012. Above the supply line the links lower lows the exchange rate could rise to 1.42.

R3
R2
R1
S1
S2
S3