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May 12

TECHNICAL ANALYSIS BY NSFX 12.05.2014

By:Nati

High:  Low: 

Resistance expected towards the 1.09 figure should the 1.0850 support turned resistance level reverse again. Should we see a close higher 1.0950 could be another level of resistance going forward before the 1.10 figure comes into play. Downside action could see 1.08 come into play, and beyond this 1.07 may be tested should bearish sentiment take over and the 1.0770/80 200 day SMA level give way.

R3
R2
R1
S1
S2
S3