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Dec 14

TECHNICAL ANALYSIS BY NSFX 14.12.2014

By:

High:  Low: 

Cable made a breakout of the supply line that was generated last July and price might be projected to 1.5952 and then to 1.6248. If it should be a false breakout the pair might retrace to 1.564 and then to 1.5544. Below this level the rate could test 1.5250. The RSI index is making higher highs suggesting the consolidation of a short term bullish trend.

R3
R2
R1
S1
S2
S3