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May 02

TECHNICAL ANALYSIS BY NSFX 02.05.2014

By:Nati

High:  Low: 

The exchange rate is trading between the 200SMA and the 21SMA. A breakout of the bearish supply line can lift the pair to 11 area.  If a retracement should occur the test of the bullish trendline that links higher lows from June 2011 will be the most important strategic trading area.

R3
R2
R1
S1
S2
S3