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May 16

TECHNICAL ANALYSIS BY NSFX 16.05.2014

By:Nati

High:  Low: 

Resistance towards the 1.09 figure holding so far this week. Should we see a close higher, resistance trend-line at 1.0940 could be another 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