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Sep 16

TECHNICAL ANALYSIS BY NSFX 16.09.2013

By:admin

High:  Low: 

Last week, the pair took out a cluster of resistance levels as well as closing above the 38.2% Fibo retracement in the 2010 low - 2011 high wave at 1.5784. This morning, the pair gapped up to a high of 1.5957, just short of next resistance level at 1.5960 (23.6% Fibo in 2013 wave.) Overbought RSI and Stochastics. However, MACD is still in favor of more upside. Last time all three were overbought in mid-June, the market corrected quite a bit.)

R3
R2
R1
S1
S2
S3