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Jun 19

TECHNICAL ANALYSIS BY NSFX 19.06.2013

By:admin

High:  Low: 

Weekly, the pair is in a key resistance zone. Currently above the 50% Fibo retracement in the wave from 2010 lows-2011 high at 1.3390 and we have scope for testing the 200-week SMA as well as trend resistance from 2011 highs, coming in around 1.3450. A close above would give room for a potential move to 2013 highs at 1.3711, but overbought oscillators could dampen the bullish momentum.

R3
R2
R1
S1
S2
S3