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May 04

TECHNICAL ANALYSIS BY NSFX 04.05.2014

By:

High:  Low: 

The South African Rand started its rally vs the greenback on January and now UsdZar is testing the 200SMA. Below this level is likely a test of the dynamic trendline that was generated on summer 2011. Above the supply line that links lower highs  the rate might rise to 10.9770 and then test again 11.373.

R3
R2
R1
S1
S2
S3