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Jul 23

TECHNICAL ANALYSIS BY NSFX 23.07.2013

By:admin

High:  Low: 

On the longer term, the pair is still below trend resistance from 2001 (at 0.9495 on monthly), but the 100-week SMA at 0.9308 is providing decent resistance (and has done since May 2012), so the pair is over all capped in a 2-figure range before any new trend can be formed. Daily, the pair is testing the 200-day SMA at 0.9350, where a break could open up for a test of 0.9335 before 0.9310. Resistance at

R3
R2
R1
S1
S2
S3