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Jul 29

TECHNICAL ANALYSIS BY NSFX 29.07.2014

By:Nati

High:  Low: 

Resistance towards the 0.8970 area could not hold advance and could prove an area of support going forward, and the 0.90 figure also gave way to the bulls. Support currently expected towards the 0.8970 area, and the break above the 0.90 figure passed the 0.9040 area. Should the USD lose ground however the 50 day SMA could offer support going forward.

R3
R2
R1
S1
S2
S3