TECHNICAL ANALYSIS BY NSFX 15.03.2016
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 levels and then the 1.0880 area would have to give way. Short term support in the 1.12 and 1.1150 areas.