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Mar 07

TECHNICAL ANALYSIS BY NSFX 07.03.2014

By:Nati

High:  Low: 

Yesterday's support toward the 1.1030 which coincides with the 50 day SMA was broken, with 1.0940 the possible level of support holding with yesterday's low 15 pips above. Resistance expected towards the 1.1030 area support turned resistance. Last week saw a test of the 1.1173 resistance level which remains an interesting level going froward, but the 1.11 figure has to be tested before this can happen. Should we see price action close above this area the next resistance level expected to be towards the 31st of January high at 1.1224

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R1
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