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Nov 21

TECHNICAL ANALYSIS BY NSFX 21.11.2013

By:

High:  Low: 

The cross rate dropped after a rally that started the beginning of this month. The nearest bearish test is the dynamic support in area 1.3368. Below it there is the 200SMA in area 1.3230.  Area  1.2753, a level reached last July can be considered  an intermediate target price.  If the pair  will rebound area 1.349 is going to be the first test then 1.3647. Above the 2013 top, area 1.3820, is likely a spike to 1.4

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