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Oct 03

TECHNICAL ANALYSIS BY NSFX 03.10.2013

By:admin

High:  Low: 

Strong bullish move yesterday, which this morning has been capped by trend resistance from November 2011 highs, coming in at 1.3626. A close above would open up for a test of the 2013 highs at 1.3710 and 1.3855 in the mid term on a technical level. Short term, oscillators are overbought due to the bullish pressure and the 1.36-handle seems to be the battleground for the moment.

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