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Sep 26

TECHNICAL ANALYSIS BY NSFX 26.09.2013

By:

High:  Low: 

UsdCad after the bounce on the support created by both the 200SMA and the demand line has lost some buying power and is consolidating in a narrow trading range.  The next resistance area is at 1.0362 and the target of the rally would be test of the 2012-2013 top at 1.0560.  A trading day that will close below 1.0184 will accelerate selling pressure to test the parity.

R3
R2
R1
S1
S2
S3