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Sep 09

TECHNICAL ANALYSIS BY NSFX 09.09.2013

By:admin

High:  Low: 

The pair had a good week, last week and managed to close above the 50-week SMA for the first time in 2013, giving scope for a move to the 100-week SMA at 1.5687. Daily, the pair is in a clear up-trend and although we've observed some offers around 1.5680, we could see an extension of the move above 1.5717 and in particular above 1.5750. We see decent support at 1.5580, so buy on dips.

R3
R2
R1
S1
S2
S3