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Jul 19

TECHNICAL ANALYSIS BY NSFX 19.07.2013

By:admin

High:  Low: 

The pair has taken out the 50-day SMA as well as the 38.2% Fibo retracement in the recent wave and is currently testing trend resistance from the 2013 highs, currently at 100.87. A break above would lead to a test of July highs at 101.50. Downside, we need a close below the 38.2% Fibo for a re-test of Cloud resistance below 98.

R3
R2
R1
S1
S2
S3