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Aug 01

TECHNICAL ANALYSIS BY NSFX 01.08.2013

By:admin

High:  Low: 

The pair is still trading within the Cloud in a declining market. Key support at 97.60 has been tested a few times (Cloud Base and 61.8% Fibo retracement in the 2013 May – June wave), but the market has rejected lower levels for now. Currently, we are testing the 100-day SMA at 98.52, where a further bullish pressure would lead to a test of the 50-day SMA as well as the Cloud Resistance.

R3
R2
R1
S1
S2
S3