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May 18

TECHNICAL ANALYSIS BY NSFX 18.05.2014

By:

High:  Low: 

The pair found resistance against the 200SMA at 0.8960. If buyers will lift the rate above this level then 0.9154 and 0.9455 should be the most important resistance level. Both 21SMA and 55EMA are in area 0.8830 and could be a significant support. Below 0.87 the Swiss National Bank could act to mantain a floor for its currency.

R3
R2
R1
S1
S2
S3