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Oct 08

TECHNICAL ANALYSIS BY NSFX 08.10.2013

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High:  Low: 

After yesterday pullback on 0.9027 now the pair is testing the top of the last trading session. A breakout likely will lift the cross rate to 0.9155. An intermediate target could be the 200SMA in area 0.9345. If a bullish trend should develop then the most important test would be the supply line that was generated the 22nd  of May 2013. If price should fall below 0.9027 likely a test in area 0.8970, and in case of further selling pression 0.8927.

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