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Jul 09

TECHNICAL ANALYSIS BY NSFX 09.07.2013

By:Nati

High:  Low: 

This morning saw a test heading towards 1.4489 before selling off back close to just above today's opening price. The 100 day SMA could be an area of support and should that be broken a test close to yesterdays open, or S1 on the pivot points could be tested. On the upside if there should be a retest of the daily highs are exceeded, then we could possibly see the 50 day SMA and the Fibo 23.6% area tested. The Fibo is drawn from the low August 2011 and the high in July 2012.

R3
R2
R1
S1
S2
S3