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Jun 19

TECHNICAL ANALYSIS BY NSFX 19.06.2013

By:admin

High:  Low: 

On a daily basis, cable had quite a volatile session yesterday and did not manage to sustain above the 200-day SMA, which now acts as near term resistance. The pair was rejected at the 50% Fibo retracement in the 2013 high-low wave at 1.5570, and this is now support. The pair needs to break out of the range 1.5570-1.5740 before setting new directional momentum.

R3
R2
R1
S1
S2
S3