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Jun 12

TECHNICAL ANALYSIS BY NSFX 12.06.2013

By:admin

High:  Low: 

The pair has since late May staged a decent rally, and yesterday the pair closed above April highs at 1.5606 and has so far found resistance at the 200-day SMA at 1.5677. A close above would open up for a test of 1.5740-area (61.8% Fibo retracement in the 2013 high-low wave). On the downside, near-term support is a previous break-out level before 1.5570.

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R1
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