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May 01

TECHNICAL ANALYSIS BY NSFX 01.05.2014

By:Nati

High:  Low: 

Support towards the 1.10 figure gave way during Tuesday’s session. Trading below the 1.10 figure could see a test lower to the 1.09 support area. The 50 day & 100 day SMAs could offer resistance going forward should USD gain momentum against the CAD possibly pushing the pair higher then a break above the 1.1070 area could see 1.1170 level come into play.

R3
R2
R1
S1
S2
S3