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May
16
TECHNICAL ANALYSIS BY NSFX 16.05.2014
By:
High: Low:
The pair yesterday closed off its intraday low after it tested the 200SMA. Likely a pullback of the broken bullish trendline generated on August 2013. A short term rally will gain momentum above 1.3824 and above it might will test 1.3967. If the rate should fall below its 200SMA is likely a test of the demand line that links higher lows from the July 2012 bottom.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |