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Jul 08

TECHNICAL ANALYSIS BY NSFX 08.07.2013

By:Nati

High:  Low: 

Wedge formed drawn from high last year and low in 2011 through recent support and resistance points. A recent trading range with support around 1.4330 and resistance just above 1.4460. Break out from this area could give an indication as to which level is tested next perhaps a support in the 1.4280 area on the downside. Resistance levels in the range could see a test of the 100 day SMA around the 1.44area.

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R1
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