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Aug 27

TECHNICAL ANALYSIS BY NSFX 27.08.2013

By:Nati

High:  Low: 

Following the support level at the 50% Fibonacci area being broken the next level at the 200 day SMA is being tested, as mentioned yesterday.  Further downside action could see stops between 1.5420-45. A close above 156.00 could lead to resistance found in the 1.5650 area, before any possible test of last week's high of 1.5717.

R3
R2
R1
S1
S2
S3