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Aug 15

TECHNICAL ANALYSIS BY NSFX 15.08.2013

By:admin

High:  Low: 

The pair has fallen four days in a row after printing August highs at the 1.34-figure, but support kicked in at the 76.4% Fibo retracement, where the pair did not manage a close below in yesterday's trading session, positing a Doji-candle for the overall session. Today, the pair has been on the bid from the opening and has tested trend resistance projected from the 2013 highs. Should we see a close above, then the August highs will be next area of interest.

R3
R2
R1
S1
S2
S3