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May 15

TECHNICAL ANALYSIS BY NSFX 15.05.2014

By:

High:  Low: 

Below the 200SMA bearish forces could accelerate because the pair made a double top and then broke a demand line generated last summer. The most relevant test beneath the 200SMA would be bullish trendline that links higher lows that was generated in July 2012. A breakout  above 1.40 could lift the rate to 1.42.

R3
R2
R1
S1
S2
S3