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Oct 17

TECHNICAL ANALYSIS BY NSFX 17.10.2013

By:Nati

High:  Low: 

USD weakness currently sees the pair meeting support at the 98 figure. The 200 day SMA lies in the 97.25 region, before we can see any test of the trend-line support at 97.00 currently. Resistance on the upside may be offered at 98.45 going forward before we can approach the open price from today at close to the 99.00 figure. The downtrend resistance offered in the 99.60 region.

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