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Nov 05

TECHNICAL ANALYSIS BY NSFX 05.11.2013

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High:  Low: 

The pair yesterday closed nearly its daily high and just above the 55EMA. Today is trading in a 30 pips  range.  If the cross rate should increase the first significant resistance would be at 1.3641. Above 1.3831, the 2013 top, new buyers can lift the pair to 1.4.  In case the distribution should continue 1.3445 should be the first support and below it 1.3310.  The 200SMA in area 1.32  will be a battlefield between bulls and bears.

R3
R2
R1
S1
S2
S3