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May 04

TECHNICAL ANALYSIS BY NSFX 04.05.2014

By:

High:  Low: 

The pair closed above the dynamic resistance and might test the 2014 high at 1.3965.  Price projection suggests a test in area 1.41. Below 1.38 the rate might fall to the demand line that was generated on summer 2012.

R3
R2
R1
S1
S2
S3