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Jun 26

TECHNICAL ANALYSIS BY NSFX 26.06.2013

By:admin

High:  Low: 

The pair continues the bearish trend and closed below the 200-day SMA for the first time in a month, indicating that the bear trend could be extended. Price action today will be dominated by a test of the 50-, 100- and 200-day SMA along with the 50% Fibo retracement in the recent wave from Apr 2013 lows to 2013 highs. Also watch out for potential divergence in the Stochastics oscillator, which could give room for a short-term bounce.

R3
R2
R1
S1
S2
S3