/ 

Aug 01

TECHNICAL ANALYSIS BY NSFX 01.08.2013

By:Nati

High:  Low: 

Last week saw the supporting Fibonacci level of 23.6% drawn from the low in February of last year and this year's high hold as support. The mood changed and we saw the USD test gradually higher over the course of this week, before testing the 50 day SMA resistance level in the 9.93 area yesterday. A close above this moving average could see a test of the big figure psychological level, where we saw some interest throughout June, and early July. Should the moving average hold we could see a return to retest the 23.% level.

R3
R2
R1
S1
S2
S3