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Sep 09

TECHNICAL ANALYSIS BY NSFX 09.09.2013

By:admin

High:  Low: 

Despite the second week of gains, the pair found heavy offers at the 50% retracement in the recent wave at 0.9448 and closed back below the 100-day SMA and is currently trading below the 38.2% level at 0.9380 in the same wave. Should we close below, this opens up for a re-test of the 50-/200- day SMAs just below at 0.9350 and 0.9345 respectively. . We could see a pretty narrow 50-pip range in today's trading between the 100-day and 200-day SMAs being in play. Daily oscillators back in neutral.

R3
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R1
S1
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