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Nov 20

TECHNICAL ANALYSIS BY NSFX 20.11.2013

By:Nati

High:  Low: 

With recent lower highs from the high on the 5th of July there could be a period of consolidation taking place withing the wedge with current resistance at 1.0492 offered. A close below the 200 day SMA followed by the 1.0265 trend-line level could signal an end to the bullish sentiment dominant since September last year. In the short term though, support marked in the 1.0444 region before the 1.0418 level can be tested again.

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R1
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