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May 13

TECHNICAL ANALYSIS BY NSFX 13.05.2014

By:

High:  Low: 

The rate made nearly 200 pips from the double bottom in area 0.87 and might test the supply line generated last September and above it there is the 200SMA in area 0.8950. The target of an intermediate rally could be 0.92.  Below 0.87,  a level that the SNB might consider a floor, the rate should test 0.85.

R3
R2
R1
S1
S2
S3