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Sep 07

TECHNICAL ANALYSIS BY NSFX 07.09.2014

By:

High:  Low: 

The pair tested its multiyear resistance and then retraced less than 100 pips. A closing day above 105.46 should lift the rate to 107 and then to  110.75. Below 104.14 the pair might test the 200 SMA, now  at 102.35.  A successful  test of 100.79  will change the trading scenario from long term momentum to trading range.

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