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Apr 29

TECHNICAL ANALYSIS BY NSFX 29.04.2014

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High:  Low: 

The pair after 3 trading session failed to rise above the dynamic resistance that links lower highs. If selling pressure would accelerate the pair probably will test the 200SMA, now at 10.4421 and below there is the bullish trendline generated on June 2011 that should be the most important test in a bearish scenario. A breakout above the supply line could lift UsdZar to 10.9706.

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