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Apr 05

TECHNICAL ANALYSIS BY NSFX 05.04.2015

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High:  Low: 

The rate made a breakout of the medium term supply line and now is very close to the 55EMA and the static resistance as well, both near 1.1 area.  A breakout above this level can lift the pair to 1.16 and then the 200SMA might be tested in case of positive momentum trading. Below 1.07 short positions can bring price to test 1.0459 and  in case the rate will trade beneath this level the parity would be the target of bearish traders.

R3
R2
R1
S1
S2
S3