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Mar 27

TECHNICAL ANALYSIS BY NSFX 27.03.2014

By:Nati

High:  Low: 

Currently trading above the 100 day SMA close to the 1.65 figure. Monday saw resistance at 1.6535 but a positive session today could see a break above this area and the 1.66 figure then in sight should the 50 day SMA resistance give way. A negative sentiment could push price action lower and a close below the 1.6460 level could signal a reversal of the recent bullish run.

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