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May 23

TECHNICAL ANALYSIS BY NSFX 23.05.2014

By:Nati

High:  Low: 

he 1.09 figure saw buyers and sellers undecided during yesterday's session before eventually price action fell under. 1.0940 could be a level of resistance going forward before the 1.10 figure comes into play. Downside action could see 1.0820 come into play beyond 1.0850, and below this 1.07 may be tested should bearish sentiment take over and the 1.0780 200 day SMA level give way.

R3
R2
R1
S1
S2
S3