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Jan 13

TECHNICAL ANALYSIS BY NSFX 13.01.2014

By:Nati

High:  Low: 

A sharp decline in USD strength broke the 100 day SMA support level in the 0.9055 region and this could now act as resistance going forward should buyers gain momentum. The trend-line below that however where we see trading at today at 0.9021 could give further indication as to where the pair is headed. Support toward the 50 day SMA level and below this at the 0.8970 area.

R3
R2
R1
S1
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S3