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May 14

TECHNICAL ANALYSIS BY NSFX 14.05.2014

By:Nati

High:  Low: 

Resistance towards the 1.09 figure currently being tested after holding so far this week. Should we see a close higher, resistance trend-line at 1.0940 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 1.0780 200 day SMA level give way.

R3
R2
R1
S1
S2
S3