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Jun 18

TECHNICAL ANALYSIS BY NSFX 18.06.2013

By:admin

High:  Low: 

Fibo level drawn from high of 17th July 2012 to the low on the 1st of February 2013 sees a support around the 38.2 level, and a range forming between this level and the 61.8 level resistance. A downward trendline from the same high could offer a slightly lower level of resistance going forward. We've seen the support tested yesterday and also in April where the level held. A break on the downside below the 5.70 area could see support at 5.668 and below that at the 23.6 Fibo area.

R3
R2
R1
S1
S2
S3