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Mar 18

TECHNICAL ANALYSIS BY NSFX 18.03.2014

By:

High:  Low: 

Third consecutive positive day for the cross rate: The multiple bottom at 0.87 could be a reversal pattern for a rally that can bring the cross rate to test the 21SMA at 0.88 and then a price spike to 0.89.  Below 0.87 UsdChf might fall to level seen the last time in 2011, 0.8558 should be a relevant support.

R3
R2
R1
S1
S2
S3