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Jan 23

TECHNICAL ANALYSIS BY NSFX 23.01.2014

By:

High:  Low: 

The cross rate is trading between the 21SMA and the 55EMA  in the area 140.6-142.22. A breakout on the upside can bring the pair to test 145.5, the 2013 high and if this static level will be broken the cross rate might test 151, the lower band of  the trading range that lasted until June 2008. If a correction of the pair should occur the static support in area 138.4 would increase market activity.

 

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