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Jan 27

TECHNICAL ANALYSIS BY NSFX 27.01.2014

By:Nati

High:  Low: 

The 102 figure has halted the sell off with over 250 pips shed from the high last week of 104.84. Today could see 102.60 offering resistance as an area of interest since November. The base of the cloud and the 100 day SMA coincide in the 101.20 area and if a close below this area occurs we could see bearish momentum take over.

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