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Jan 08

TECHNICAL ANALYSIS BY NSFX 08.01.2014

By:

High:  Low: 

The cross rate made several spikes when it went close to the demand line that was generated on July 2013.  It could rise above the 21SMA  and likely will test 1.66. In case of a breakout the pair can rise to 1.7. If a correction should occur below the trendline area 1.624 would be the first important support.

R3
R2
R1
S1
S2
S3