TECHNICAL ANALYSIS BY NSFX 29.06.2014
The rate might trade in the range 1.70-1.7060 and a breakout of the static resistance might lift the rate to 1.72. 1.75 should be considered a short term target. Below 1.70 the pair could test the lower band of the bullish channel. The 200SMA now is more than 400 pips from the current market price.