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Aug 03

TECHNICAL ANALYSIS BY NSFX 03.08.2014

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High:  Low: 

The rate rose above both the 200SMA and the demand line generated from the multyear top 105.42. This bullish signal could lift the rate to 103.06 then to 105.42. Above this level the pair might test 107.  Below 101.88 there is the static support  in area 100.78 and if price should fall below this level then it might test the spike at  97.6.

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