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Apr 28

TECHNICAL ANALYSIS BY NSFX 28.04.2014

By:

High:  Low: 

The exchange rate is testing the supply line generated on January and a breakout could lift UsdZar to 11 and then  the 2014 top could be considered an intermediate target for a rally. The 200SMA, now at 10.45 was a valid support and below this level there is the demand line generated on September 2012.

R3
R2
R1
S1
S2
S3