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Aug 17

TECHNICAL ANALYSIS BY NSFX 17.08.2014

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The pair is again above the supply line that links lower highs genereated from market top last year. The rate also is struggling to stay above the 200SMA and a consolidation above 103.04 will bring positive market sentiment and the price can rise to 105.47 and then to 107.  The most significant support is in area 100.8 and below this level the rate might dive to 97.7

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