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Jul 16

TECHNICAL ANALYSIS BY NSFX 16.07.2013

By:admin

High:  Low: 

The pair attempted a move lower yesterday, but did not manage a close below the 100-day SMA. A relative long lower shadow indicates that the market tested lower and closed in the upper range of the day. We could see an extension of this move today, should we manage to close above the 200-day SMA around 1.3090, giving scope for a test of 1.3150.

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R1
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