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Oct 22

TECHNICAL ANALYSIS BY NSFX 22.10.2013

By:

High:  Low: 

The pair yesterday went above the 21SMA and today is struggling against the 55EMA. Above this level the cross rate can test the supply line at 99.37. A breakout of this dynamic resistance can lift the pair to 108, a level based on price projection. If the pair should decrease then 97.34 first and then 96 would be a valid support.

R3
R2
R1
S1
S2
S3