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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 |