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Mar 18

TECHNICAL ANALYSIS BY NSFX 18.03.2016

By:Nati

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 levels and then the 1.0880 area would have to give way. Short term support expected towards the 1.1150 area.

R3
R2
R1
S1
S2
S3