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Aug 28

TECHNICAL ANALYSIS BY NSFX 28.08.2013

By:Nati

High:  Low: 

The pair is testing the support at the 200 day SMA today, a close below could give scope for a test of the 1.5430 support area. Further support drawn at 38.2% Fibonacci level which acted as resistance throughout July in the 1.5380 region.  Resistance on the upside could possibly be seen around the 1.56 figure before we see any possibility of a retest of he monthly high of 1.5717.

R3
R2
R1
S1
S2
S3