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Nov 01

TECHNICAL ANALYSIS BY NSFX 01.11.2013

By:Nati

High:  Low: 

The pair seems to be entering a consolidation phase within a wedge formation. Support found today so far at 97.80 where the Tenkan & Kijun meet. Resistance expected to form in the region of the 50 & 100 day SMAs on the daily chart 98.43/47. before trend-line resistance can be tested. A close above 98.55 can see a test of the 99 figure.

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