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Jun 28

TECHNICAL ANALYSIS BY NSFX 28.06.2013

By:admin

High:  Low: 

Weekly, the pair is trapped between the 50- and 100-week moving average. Before a close outside on of those, the market will congest. Daily, the pair once again tested the 38.2% Fibo retracement in the wave from 2013 lows to June highs, but did not manage a close below. Upside protected by 50% Fibo retracement and a string of moving averages. Daily Stochastics in oversold territory could give scope for bids to enter.

R3
R2
R1
S1
S2
S3