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Sep 12

TECHNICAL ANALYSIS BY NSFX 12.09.2013

By:

High:  Low: 

The pair had a compression of volatility in the latest 2  month, the cross traded between 0.9155-0.9445 range.  Interesting that the 200SMA is flat thus indicating that there is not a long term trend in process but just price turbulence detected by the 21SMA, which now is working as a dynamic support. In case that level should be broken price probably will test 0.9155. The long term resistance is the supply line that was generated the 22nd of May and links descending tops.

R3
R2
R1
S1
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S3