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Nov 20

TECHNICAL ANALYSIS BY NSFX 20.11.2013

By:Nati

High:  Low: 

Cable seeing interest in the 1.61 region, consolidation perhaps taking place within the wedge on the chart although support may be found at the 50 day SMA. If resistance at 1.6155 is tested and a close above that figure takes place, then we could see a retest of 1.6260 going forward. A close below 1.61 followed by the 50 day SMA could see 1.60 tested.

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