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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 18.03.2016
HIGH: | LOW:
Resistance towards there 0.69 figure level which has been approached for only the third time in six months this session with a pull back following two days and nearly 300 pips gained since the 0.6575 weekly low was reached Wednesday. A break above the 0.69 level could target 0.7170 while a bearish breakout could see[...]
TECHNICAL ANALYSIS BY NSFX 18.03.2016
HIGH: | LOW:
Dollar weakness combining with Yen strength has led to the third test in recent weeks of the 111 figure support level. A break below could then see the 110 figure tested. Further bearish action could see the 105 area support area should the Greenback continue its decline. Bullish traders would like to see prices again[...]
TECHNICAL ANALYSIS BY NSFX 18.03.2016
HIGH: | LOW:
Trading up against the Kiwi, the Aussie has been halted by resistance towards the 1.13 figure. Previously the 1.13-1.14 area proved impassable at the last test in the third quarter of last year, which preceded a sell off to the 1.05 figure area. Could we see a repeat performance? The 1.11 and 1.10 figure support[...]