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Aug 14

TECHNICAL ANALYSIS BY NSFX 14.08.2013

By:admin

High:  Low: 

The pair broke closed above the 61.8% Fib retracement in the recent wave as well as the Tenkan-Sen in the Ichimoku formation, which could indicate further upside. Current resistance at the 50-day SMA, where a break would open up for a test of the 50% Fibo level and 100-day SMA, coinciding at 98.70-area. To the downside, a close below 97.60 would destroy current bullish setup.

R3
R2
R1
S1
S2
S3