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Dec 30

TECHNICAL ANALYSIS BY NSFX 30.12.2013

By:Nati

High:  Low: 

The pair bounced off support towards 0.8831 late last week and could now test resistance trend-line at 0.8955 on the chart going forward. If this level breaks the next resistance may be found toward 0.8970, however if the USD falls against the CHF then we could see a retest of the yearly low for 2013 at just below the 0.88 figure.

R3
R2
R1
S1
S2
S3