/ 

Sep 16

TECHNICAL ANALYSIS BY NSFX 16.09.2013

By:Nati

High:  Low: 

The pair seems to be finding an upward trend channel, and the possibility to trade withing this range could be an option going forward. The lower channel line remains to be tested but should it hold upon being tested it may make a good entry point for a trade. Resistance at the upper trend line on the chart around the 158 figure, while further resistance may be found 50 pips higher, the high point reached last week, the highest this pair has traded in 4 years. Support may be seen in the 156.70 region today should sellers enter the market.

R3
R2
R1
S1
S2
S3