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Sep 28

TECHNICAL ANALYSIS BY NSFX 28.09.2014

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The South African Rand has a weak momentum against the US dollar. After the successful test of the demand line and the breakout of the supply line the pair changed its slope. Is likely a test of 11.3780 and above this level 11.5 and then 12. Area 10.9729 should be an interesting support and below this level there is area 10.83.

R3
R2
R1
S1
S2
S3