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Feb 27

TECHNICAL ANALYSIS BY NSFX 27.02.2014

By:Nati

High:  Low: 

Last week saw a test of the 1.1173 resistance level which remains an interesting level going froward. Should we see price action close above this area the next resistance level expected to be towards the 31st of January high. Support expected toward the 1.1030 area with the 50 day SMA towards 1.0970 the possible next level of support, however 1.11 figure could be seen as a support level today following yesterday's close above this area.

R3
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R1
S1
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