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Jul 18

TECHNICAL ANALYSIS BY NSFX 18.07.2013

By:admin

High:  Low: 

After breaking above the daily Ichimoku Cloud, the pair has been flirting with the 50-day SMA as well as the 38.2% Fibo retracement in the wave from 2013 high to June lows, just below the 100-level. Bullish momentum could give scope for a test of weekly highs at 100.48, where a break would open up for a test of the trend resistance from 2013 highs, currently at 100.97. Downside should be protected by the Cloud.

R3
R2
R1
S1
S2
S3