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Jul 30

TECHNICAL ANALYSIS BY NSFX 30.07.2014

By:Nati

High:  Low: 

Trading up from the test of the supporting trend-line connecting the lows from September 2012 and September 2013 we see the USD gain some ground off this month’s low of 1.0620 Resistance expected towards the 1.09 figure area, after Friday’s high of 1.0822 was passed and could now act as support going forward. The 1.07 figure could offer important support should bears regain control.

R3
R2
R1
S1
S2
S3