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Nov 19

TECHNICAL ANALYSIS BY NSFX 19.11.2013

By:

High:  Low: 

The cross rate is trading between the 21SMA and the 55EMA. One of those averages might work as a dynamic support. In case the Swiss Franc would increase its weakness that started the 24th of October  0.9246 is the first relevant resistance, followed by the 200SMA 0.9316 . The  supply line generated the 22nd of May can be considered the target price in case of a bullish scenario of the pair.

R3
R2
R1
S1
S2
S3