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May 24

TECHNICAL ANALYSIS BY NSFX 24.05.2015

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High:  Low: 

The rate could close in positive territory just on Thursday but it closed off its intraday high. Selling pressure brought the pair below both its 21SMA and 55EMA. Next Support the static area at 1.0812 and then the short term demand line. Below this level the pair can reach the parity.  Above the multiple top 1.1464 can begin a change in polarity, and it would be confirmed with a breakout above the 200SMA, now at 1.1653. The RSI indicator, at 42.88, has not reached yet the oversold area.

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