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Sep 05

TECHNICAL ANALYSIS BY NSFX 05.09.2013

By:admin

High:  Low: 

The pair recovered after testing the 100-day SMA at 1.3137 earlier this week, suggesting that market players will be bidding around that level. However, should we break lower, this will open up for a test of the 1.31-figure. On the upside, should the bullish pressure persist, we currently see offers around 1.3230, which should cap market action. Overall, the market is still positioned for a sell on rallies strategy.

R3
R2
R1
S1
S2
S3