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Jun 07

TECHNICAL ANALYSIS BY NSFX 07.06.2015

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Cable found support on the 50% Fibonacci retracement of the short term bullish trend that started last April and finished the 15th of May. This level is at 1.5178 and the rate tested it 3 times. Below there is 61.8% retracement at 1.5065 and then the static support at 1.4964.  If the rate will rise above its 200SMA, now at 1.5380 it can test 1.5525 and then the 2015 top at 1.5813.

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