TECHNICAL ANALYSIS BY NSFX 08.03.2016
Support level at 1.3260 reached yesterday halting the downward trend for now. A break below the 1.31 figure and the 1.3060 levels needed to break out of the bullish trend channel. bearish confirmation could then target the 1.2830 area. Should the support hold however, we could see USD strength taking us back up towards 1.34 and beyond.