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Aug 19

TECHNICAL ANALYSIS BY NSFX 19.08.2013

By:admin

High:  Low: 

For the second week in a row, the pair was rejected at the 200-week SMA at 1.3390, which now acts a pivotal resistance. The pair managed a very strong comeback in Thursday's trading session and one again closed above trend resistance projected from the 2013 highs - now acting as support. Weekly oscillators in overbought territory could add bearish pressure on price action.

R3
R2
R1
S1
S2
S3