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Aug 20

TECHNICAL ANALYSIS BY NSFX 20.08.2014

By:Nati

High:  Low: 

Trading up from the test of the supporting trend-line connecting the lows from September 2012 and September 2013 we see the USD gain some ground off last month’s low of 1.0620 Resistance expected towards the 1.10 figure area. Short term we could see a range between 1.0860 and 1.0960, before possible breakout towards next level, with current test of the 1.09 figure holding and USD gains.

R3
R2
R1
S1
S2
S3