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Sep 03

TECHNICAL ANALYSIS BY NSFX 03.09.2013

By:admin

High:  Low: 

Once again the 50-week SMA is in play - an indicator which has capped the pair throughout 2013. On a daily basis, the pair had its first positive day out of five bouncing off the 200-day SMA and is currently testing 50% Fibo retracement at 1.5560 in the 2013 high - 2013 low wave. A close above would open up for a test of the 1.56-figure before 1.5675 and then 1.5717. On the downside, we see support at 1.5527 before 1.55 and then 1.5460.

R3
R2
R1
S1
S2
S3