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Jan 23

TECHNICAL ANALYSIS BY NSFX 23.01.2014

By:Nati

High:  Low: 

Cable broke through the 1.65 resistance level yesterday, with the 1.6445 area now offering support below. The next resistance level expected toward the 1.66 figure, and if we see a close above this area 1.6750 could be eyed. The 50 day SMA raising possible support to 1.6390 with a supporting trend-line joining the lows of the 9th of July and Friday’s low currently at 1.6350.

R3
R2
R1
S1
S2
S3