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May 05

TECHNICAL ANALYSIS BY NSFX 05.05.2014

By:Nati

High:  Low: 

Support towards the 1.10 figure gave way early last week and this could offer resistance going forward. Trading below the 1.10 figure we could see a test lower to the 1.09 support area. The 50 day & 100 day SMAs could offer resistance going forward and should USD gain momentum against the CAD the pair could push higher for a break above the 1.1070 area, beyond this the 1.1170 level could come into play.

R3
R2
R1
S1
S2
S3