/ 

Sep 02

TECHNICAL ANALYSIS BY NSFX 02.09.2013

By:Nati

High:  Low: 

Support in the 0.8890 region held last week and we opened 39 pips higher today. Resistance could be found in the 0.9040 area before the 50 day SMA can be tested. A close above the upper trend-line on the chart would be needed before the downtrend can be reversed. Supporting trend-line on the downside, if broken, could open up for a retest of last month's low at 0.8846 although we may see a period of consolidation before this might happen.

R3
R2
R1
S1
S2
S3