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May 06

TECHNICAL ANALYSIS BY NSFX 06.05.2014

By:Nati

High:  Low: 

Resistance towards 1.3893, last December’s high, currently being tested. If price action closes above this level we could see 1.3930 targeted before the March 13th high of 1.3966 can come into play. Most of  April saw 1.38 offering support and we could see a continuation of this range should 1.3893 hold, a close above this area could see support raise to the 1.3865 area.

R3
R2
R1
S1
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S3