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Sep 25

TECHNICAL ANALYSIS BY NSFX 25.09.2013

By:admin

High:  Low: 

The pair was rejected at the 23.6% Fibo retracement in the long term wave from 2010 lows to 2011 highs at 1.6149 and has currently experienced a set-back to the 1.60-figure. Short term, the pair has found support at pre-FOMC high at 1.5960-area, coinciding with 23.6% Fibo in 2013 high-low wave. A close below would give scope for a re-test of the 1.5750-area.

R3
R2
R1
S1
S2
S3