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May
04
TECHNICAL ANALYSIS BY NSFX 04.05.2014
By:
High: Low:
The rate closed off its intraday low after it tested 1.6820 static support. Now 1.70 is the first relevant resistance followed by 1.7240, a level that was traded the last time during October 2008. A retracement to the demand line generated on November would not considered a bearish wave because the 200SMA is 200 pips below the demand line.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |