/ 

Jul 03

TECHNICAL ANALYSIS BY NSFX 03.07.2013

By:Nati

High:  Low: 

Following the double top 22nd March and the 11th April a subsequent drop in Aussie value sees a Fibo drawn from the high of the April high, to last months low on the 20th June. A recent retracement to the 23.6% Fibo before continuation of the bearish trend is seen, we could see support in the 0.9540 area recent low levels previous to the 20th June level, should we see a close below the 95.40 area we could retest the low seen on the 20th June in the 94.75 area. Resistance could be seen at trendline drawn from high through the test of Fibo 23.6% and 20 day SMA.

R3
R2
R1
S1
S2
S3