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Aug 04

TECHNICAL ANALYSIS BY NSFX 04.08.2015

By:Nati

High:  Low: 

Trading pushed to a yearly high at 1.5929 before a possible profit taking has seen bearish sentiment creep in to break the 1.57 figure support level. The 1.55 figure level of support could now prove interesting for bearish traders, which we saw give way to test of the 200 day SMA at 1.5325 before a rebound seeing prices in a 1.5500 – 1.5650 range.

R3
R2
R1
S1
S2
S3