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Oct 22

TECHNICAL ANALYSIS BY NSFX 22.10.2014

By:Nati

High:  Low: 

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 0.8080 resistance levels expected should bullish sentiment resume, with 0.8050 & the 50 day SMA an interesting area between.

R3
R2
R1
S1
S2
S3