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Oct 29

TECHNICAL ANALYSIS BY NSFX 29.10.2013

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High:  Low: 

The pair yesterday traded above the 200SMA and found resistance against the 21SMA.  Today it fell below again the 200SMA and likely will test the demand line in area 97.2. Below this level there is 95.7 support and below this level the rate of change (speed) of the pair could increase to test in a short time frame 93.78. If the pair could rise above the 200SMA and close above the 21SMA it would be a bullish signal and then there would be the opportunity to test 98.19. Above this level there is 98.97.

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