Technical Analysis

Mar 15

TECHNICAL ANALYSIS BY NSFX 15.03.2016

by: Nati

HIGH: | LOW:

Supporting trend line on the 4 hour chart in the 160.70 area. The next levels below could be the 160.30 area and then the 160 figure level. Resistance expected towards the 50 Day SMA in the 161.50 area before the 162 figure level and then the 162.80 area can be tested.

Mar 13

TECHNICAL ANALYSIS BY NSFX 13.03.2016

HIGH: | LOW:

The pair is trading above both the 21SMA and the 55EMA and is also making higher lows. Important static resistance in area 0.785 and the the psychological level 0.8. Above this area the rate may test the supply line in area 0.81.  Beneath 0.74 AudUsd can retrace to 0.72 and then 0.6960.

13

TECHNICAL ANALYSIS BY NSFX 13.03.2016

HIGH: | LOW:

The commodity made a breakout of the medium term supply line and can test the 200SMA in area 46.2 and then area 50. The price projection in a bullish scenario is 56, the current price level plus the highest distance between price and supply line. Beneath 35.5 UK Brent may test the short term demand[...]