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Sep 12

TECHNICAL ANALYSIS BY NSFX 12.09.2013

By:admin

High:  Low: 

The pair is heading for it's second weekly gain, so far taking out the 50-, 100- and 200- week SMAs with the 38.2% Fibo retracement at 1.5785 in the 2010 low - 2011 high being tested. Short term, the pair broke out from the June top at 1.5751 and has currently found resistance and offers at 1.5830, with current trading just around the 1.58-figure. We expect the pair to be bid, but could see a pull-back after the rapid upwards acceleration, calling for some over-shooting.

R3
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R1
S1
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S3