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Mar 07

TECHNICAL ANALYSIS BY NSFX 07.03.2014

By:Nati

High:  Low: 

After the resistance level at 0.8868 was broken Tuesday, we saw some indecision on Wednesday before yesterday’s sell off. Trading now in the 0.88 figure region which could see an important test today, a close below last week’s low could confirm the downtrend with 0.8770 the important number. Bids on the USD could possibly form a double bottom however, with another close above the resistance at 0.89 figure area giving a technical target towards 0.9000

R3
R2
R1
S1
S2
S3