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Oct 15

TECHNICAL ANALYSIS BY NSFX 15.10.2014

By:Nati

High:  Low: 

The pair found support at the lower band of the trend-channel in the 0.7760 region with a possible resistance level towards 0.7960 area currently under test. Should this area of resistance hold we could see a further test of the recent lows and a continuation of the bearish trend. A break above the 200 day SMA could see a return to bullish sentiment, and a break of the down-trend.

R3
R2
R1
S1
S2
S3