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Nov 06

TECHNICAL ANALYSIS BY NSFX 06.11.2013

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High:  Low: 

After the uptrend that started the 7th of July, the pair changed environment and is trading in the range 1.626-1.5895. Inside this channel the first resistance on the upside is at 1.6161 and then there is the higher band at 1.626. Above this 2 years top there would be the test at 1.658 area. In case the cross rate should drop there is the support at 1.589 and then outside the channel at  1.5758. The 200SMA in area 1.547 could act as nearly 50% retracement support for the pair.

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