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Jul 12

TECHNICAL ANALYSIS BY NSFX 12.07.2013

By:admin

High:  Low: 

After printing new 2013 lows this week at 1.4813, cable has been well bid and has broken clear of the bear trend line from June highs. Currently the pair is testing the 38.2% Fibo in the recent wave at 1.5168. Should we close above, that paves the way for a test of 1.5270 and then above 1.53. Support at 1.5060-area before 1.5030.

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