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Oct 09

TECHNICAL ANALYSIS BY NSFX 09.10.2014

By:Nati

High:  Low: 

We are reaching an area which halted the bearish trend in mid-2013 with support in the 0.7680-0.7715 area, possible to see history repeat and another bounce elevating the NZD and reversing the recent losses? However if the support gives way we could see bearish action take prices towards the 0.7460 area the 2012 low. 0.80 and 0.81 figure resistance levels expected should bullish sentiment resume.

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