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Aug 17

TECHNICAL ANALYSIS BY NSFX 17.08.2014

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High:  Low: 

After the dynamic resistance worked well price retraced below the 200SMA. The weak moment of the US dollar can bring the rate to test the multiyear demand line. Below this dynamic support the pair might fall to test 1.0220. A bullish breakout of the dynamic resistance can lift the rate to 1.1275 and then to 1.1470.

R3
R2
R1
S1
S2
S3