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Nov 30

TECHNICAL ANALYSIS BY NSFX 30.11.2014

By:

High:  Low: 

The pair made a double bottom and is struggling to rise above its dynamic resistance, the 21SMA.  A short term rally might lift the rate to 1.262 then to 1.29. A brekout of the supply line that links lower highs will create conditions for momentum trading. Below 1.235 the rate can test 1.20 and then 1.18.

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