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Aug 03

TECHNICAL ANALYSIS BY NSFX 03.08.2014

By:

High:  Low: 

The pair is below the demand line generated 2 years ago and  the 200SMA is 260 pips above current market level.  Is likely a pullback in area 1.35 but only above 1.37  the pair will gain momentum to test area 1.4. Below the recent low in area 1.3360 the rate might rest 1.30 and then 1.2730 area.

R3
R2
R1
S1
S2
S3