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Aug 17

TECHNICAL ANALYSIS BY NSFX 17.08.2014

By:

High:  Low: 

The pair found a static support in area 1.333. Is likely a rally that could reach the broken mutiyear demand line and thus  the rate might make a pullback. A consolidation above the bullish trendline can create a trading range environment with higher band in area 1.4.  Below 1.333 the rate will be under pressure by traders that will short the pair and migh test 1.31 then 1.275

R3
R2
R1
S1
S2
S3