/ 

Jul 08

TECHNICAL ANALYSIS BY NSFX 08.07.2013

By:admin

High:  Low: 

Recent USD-bids have also made this pair take home its third weekly gain in a row, and on a weekly basis, taking out the 100-, 50- and 200-week SMAs, which could indicate that a test of 2013-highs at 0.9840 is likely later this year. However, we need a monthly close above trend resistance dating back from July 2001, currently at 0.9485. Although current market price is close to two big figures above, the 50-month SMA at 0.9630 could show offers dominating.

R3
R2
R1
S1
S2
S3