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Dec 28

TECHNICAL ANALYSIS BY NSFX 28.12.2014

By:

High:  Low: 

The rate last week made a new 2014 low and if it should trade below 1.2160 it might reach 1.20 and then 1.18. Above 1.25 market sentiment will shift to neutral and only a breakout of the supply line that links lower highs can lift the rate above its 200SMA and thus develop an uptrend.

R3
R2
R1
S1
S2
S3