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Jun 21

TECHNICAL ANALYSIS BY NSFX 21.06.2015

By:

High:  Low: 

Cable made a new 2015 high near 1.5950 after the breakout of the resistance level 1.5817, that now changed its polarity and became a support. Relevant resistance at 1.625 and then 1.65. Below 1.5817 several stop losses of long positions would be triggered and the rate can fall to test its 21SMA at 1.546 and then the 200SMA, now at 1.534. The pair just reached the overbought level on the RSI indicator.

R3
R2
R1
S1
S2
S3