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Jul 30

TECHNICAL ANALYSIS BY NSFX 30.07.2013

By:admin

High:  Low: 

The pair tested daily Cloud-base in the Ichimoku formation (coinciding with the 61.8% Fibo retracement in the recent wave), but did not manage a close below. This morning bidders entered the pair and has so far tested the 100-day SMA at 98.47, where a break above would give room for a test of the 50% Fibo retracement at 98.75. Downside, we need to break below current support at 97.60, which would give scope for a move to the 97-figure.

R3
R2
R1
S1
S2
S3