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Mar 25

TECHNICAL ANALYSIS BY NSFX 25.03.2014

By:Nati

High:  Low: 

Last week saw a retracement to the 0.8868 resistance level, which almost touches the 32.8% Fibonacci level drawn from the high on the 16th of Jan to the recent low on the 13th of March, and the 50 day SMA resistance level above this reinforces the bearish orders. Current price action hovering close to the 0.8800 support level while a break below this could signal a continuation to retest the low in the recent wave.

R3
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R1
S1
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S3