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May 04

TECHNICAL ANALYSIS BY NSFX 04.05.2014

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High:  Low: 

After the rally that started on October the cross rate is consolidating in a symmetrical triangle and only a breakout above or below it will kick off another wave, bearish or bullish. Above 105.44 is likely a test to 107. The first significant static support is in area 98.90 followed by area 96.7.

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