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Aug 26

TECHNICAL ANALYSIS BY NSFX 26.08.2013

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High:  Low: 

For the second consecutive trading day the supply line worked well as resistance. The pair is in a dynamic congestion between the supply line and the 21SMA.  This is the arena for short terms traders. Traders with longer time frame probably they have already placed alerts above 100 and below 95. The ATR is low and the last time the has reached 0.95 was in May, just before the downtrend wave.

R3
R2
R1
S1
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S3