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Sep 17

TECHNICAL ANALYSIS BY NSFX 17.09.2013

By:

High:  Low: 

The cross rate is consolidating  above the resistance at 156.72. It is important that trading activity is developed on the range 158.64-156.72 because it means that the market accept this new level.   Level 162, area reached the last time on summer 2009 is an intermediate target. Should price fall below the support the 21SMA in area  154.87 would be a first retracement target.

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