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Dec 24

TECHNICAL ANALYSIS BY NSFX 24.12.2013

By:

High:  Low: 

After volatility spikes of the last week the cross rate is trading in a narrow trading range and a breakout  above 1.6437 or below 1.6222 should occur before a trend can develop.  A short term target should be in area 1.673 and if a retracement should occur 1.57 could be a good support.

R3
R2
R1
S1
S2
S3