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Jul 11

TECHNICAL ANALYSIS BY NSFX 11.07.2013

By:admin

High:  Low: 

The pair has been struggling to find guidance within the Ichimoku Cloud, but has for the past 9 trading days been stuck inside. We tested upside, but no follow-through, which led to a market sell-off. This morning, the pair was closing in on the Cloud Base, currently at 98.15, but bidders sent the pair back up. Currently, the 50-day SMA is tested and a close below would open up for a re-test of Cloud Base.

R3
R2
R1
S1
S2
S3