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Jun 26

TECHNICAL ANALYSIS BY NSFX 26.06.2013

By:admin

High:  Low: 

Daily, the pair has formed a decent up-trend since mid-June, but momentum could be fading, should divergence in the Stochastics be present. Looking at a 4h-chart, the pair has found resistance at the 0.94-figure, where a break above would give room for a move to 0.9460. Downside, we need to see a close below 0.9340 for the trend to turn bearish again.

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