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Aug 06

TECHNICAL ANALYSIS BY NSFX 06.08.2013

By:admin

High:  Low: 

On daily, the pair broke through the 50- and 100-day SMAs but was rejected to close above trend resistance from 2013 highs, which we today currently are testing. A break above this trend at 1.5344, would open up for a test of Q3 highs at 1.5435 before the 200-day SMA at 1.5532. Downside, the cluster of supports levels could make downside attempts lethal, but if the pair manages to close below 1.5285, then downside is opened once again.

R3
R2
R1
S1
S2
S3