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Jul 16

TECHNICAL ANALYSIS BY NSFX 16.07.2013

By:admin

High:  Low: 

After some big moves last week, the pair has congested and is currently trading in a band with the 50-day SMA as resistance and the 100-day SMA as support. Although we tested higher yesterday, the 38.2% Fibo retracement sent the pair on the offer and back into the range. Oscillators showing a somewhat bearish sentiment, but not reaching oversold levels yet.

R3
R2
R1
S1
S2
S3