TECHNICAL ANALYSIS BY NSFX 17.04.2014
In one month the pair had 4 bearish signal and 1 bullish. It failed to rise above its 200 SMA with a double test and it broke the demand line generated from the February low 0.8175. This week the exchange rate failed to rise above both 21SMA and 55EMA. Another test of the 2014 low seems very likely and below it could drop to 0.80. Only a development of another trendline can kickoff a mini rally with target 0.84.