TECHNICAL ANALYSIS BY NSFX 07.05.2014
Support towards the 1.10 figure gave way early last week and this could offer resistance going forward. Trading below the 1.10 figure we could see a test lower to the 1.09 support area which gave way during yesterday’s session. The next level of support currently being tested at 1.0880 which saw a lot of buying interest in early April. Beyond this are we could see 1.0852 come into play.