/ 

Sep 20

TECHNICAL ANALYSIS BY NSFX 20.09.2013

By:admin

High:  Low: 

Weekly, the pair has rejected the 50-week SMA and on daily, the 200-day SMA has acted as decent support so far. The 38.2% Fibo retracement level in the wave from Nov 2012 to 2013 highs was also tested, but the pair did not manage to sustain below. Overnight, the pair has established a correctional trend and we could see this continue towards 1.0330-area before 1.0370.

R3
R2
R1
S1
S2
S3