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Oct 18

TECHNICAL ANALYSIS BY NSFX 18.10.2013

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High:  Low: 

Today the cable made a breakout of resistance 1.6162 and now is trading at 1.6182. The sentiment is bullish and the first target is 1.6310, the 2012-2013 top. Above this level 1.65 and then 1.67 would be the key area to be monitored. In case the US dollar should gain confidence 1.6062 would be the first support and then if broken price could drop to 1.59 area.

R3
R2
R1
S1
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S3