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Feb 21

TECHNICAL ANALYSIS BY NSFX 21.02.2014

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Two consecutive daily spikes when the pair traded below 102 are a bullish signal but the cross rate must rise above its 55EMA to bring more buyers. Static resistance are at 103.88 and 105.44.  If the pair should drop the demand line in area 101.38 could be a good test.  The 200SMA is at 100.3

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