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May 16

TECHNICAL ANALYSIS BY NSFX 16.05.2014

By:Nati

High:  Low: 

Support tested yesterday at the 1.6750 and 50 day SMA areas and a close below this could signal a reverse the prevailing bullish trend. Resistance again expected towards the 1.68 figure should we see an advance beyond this level the 1.6820/40 area could again come into play. A break above this area could see 1.6873 targeted.

R3
R2
R1
S1
S2
S3