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Aug 29

TECHNICAL ANALYSIS BY NSFX 29.08.2013

By:Nati

High:  Low: 

Yesterday saw a test of the 200 day SMA and the 1.55 figure. Support again could be expected in this region, although a close below 1.5490 could see 1.5450 offer support before the 38.2% Fibonacci level can be tested. On the upside should we see a continuation of the uptrend since early July, a close above resistance in the 1.5570 area must be seen before any retest of monthly highs of August and June around the 61.8% Fibonacci level on the chart can be tested.

R3
R2
R1
S1
S2
S3