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Sep 30

TECHNICAL ANALYSIS BY NSFX 30.09.2013

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High:  Low: 

The cross rate made a double bottom at 0.9023 and now is off just 30 pips from this level.  The pair should go above 0.9155 area before to convince investors that an intermediate bullish move is in formation. A significant resistance as well is in area 0.9255, where both 21SMA and 55EMA will try to bounce back the pair.  If the support at 0.9023 will be broken then UsdChf should test 0.8925, a level left in February 2012. If a selloff should occur then 0.8571 level appears as the most likely support.

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