/ 

Aug 13

TECHNICAL ANALYSIS BY NSFX 13.08.2013

By:admin

High:  Low: 

The pair closed back below the trend projected from the 2013 highs falling for the second day in a row after being close to testing June highs at 1.3415 and 200-week SMA.  Intra-day, the pair is currently in a 40-pip range from 1.3280-1.3320 but bears seem to dominate. We could see an extended move lower, should 1.3265 be taken out, giving room for a test of 1.3230 and then 1.3190.

R3
R2
R1
S1
S2
S3