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Jul 16

TECHNICAL ANALYSIS BY NSFX 16.07.2013

By:Nati

High:  Low: 

Support for the month of July has been offered at 76.80. Recent indecision following a downward move from a high of 0.8674 on the 11th of April to the June 24th low of 0.7682 sees consolidation in the 0.7680 to the 0.7880 range . The 50 day SMA and the trend resistance level needs to be tested and a close above this could signify a change of the trend, while a break below the support level of 0.7680 could see a test of the 0.7560 area.

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R1
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