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Jul 18

TECHNICAL ANALYSIS BY NSFX 18.07.2013

By:admin

High:  Low: 

Yesterday, the pair was rejected to the downside at the 200-day SMA, and today, it is testing the 100-day SMA to the upside at 0.9446, which is the first resistance level. The 100- to 200-day SMAs could very well define the daily trading range, but potential divergence in stochastics could lead to additional upside, where a test of the 50-day SMA would be the next level in scope. Weekly, we are still flirting with the trend resistance back from 2001.

R3
R2
R1
S1
S2
S3