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Sep 30

TECHNICAL ANALYSIS BY NSFX 30.09.2013

By:Nati

High:  Low: 

Trading taking place in a wide upward trend channel. Following a high in June and a retracement to the 38.2% Fibonacci level, drawn from the low in 2012 to the high of 2013 so far, and support on the 200 day SMA in the 102.20 area. Short term support offered in the 1.03 region, with further bids expected 15 pips lower. Resistance in the region of 1.0340 last weeks high.

R3
R2
R1
S1
S2
S3