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Jan 10

TECHNICAL ANALYSIS BY NSFX 10.01.2014

By:Nati

High:  Low: 

Price action failed to close above the 1.0853 resistance level from May 2010 yesterday, with this level expected To offer resistance again going forward. Should we see the level hold we then either could see a retracement back towards the 1.07 level of a period of consolidation before the next big move. A close below 1.0630 on the trend-line support would be needed to possibly signal a reverse in the ongoing bullish trend.

R3
R2
R1
S1
S2
S3