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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 15.03.2016
HIGH: | LOW:
Cable hit resistance at 1.4436 last week and yesterday and today so far saw two down days for the Pound. Support currently being tested at the 1.42 figure area. A break below could see 1.4080 and then 1.4020 offering support before the 1.40 figure comes into play. Resistance expected towards 1.4350 should bullish sentiment return.
TECHNICAL ANALYSIS BY NSFX 15.03.2016
HIGH: | LOW:
The upward channel support was approached last week, and buy orders have seen prices rise from the support area. Resistance in the 1.3380 to 1.3410 area expected. Support in the near term towards the 1.3260 area expected.
TECHNICAL ANALYSIS BY NSFX 15.03.2016
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[...]