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07.10.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continued to decline and was able to overcome the support level at 1.1140. In case of continued negative dynamics, the probability of which has increased significantly, the nearest target levels will be 1.1050, 1.0985 and 1.0850. Within the correction quotations may return to the level of 1.1200. Our medium-term outlook remains negative and we expect a continuation of the current downward momentum in the near future.

Nearest resistance levels: 1,1200, 1,1260, 1,1400, 1,1500, 1,1620, 1,1750

Nearest support levels: 1,1140, 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550

Currencies trading and British pound. The price of GBP/USD accelerated the fall in during which has reached the target levels at 1.2600 and 1.2200 and continued negative dynamics. As a result, quotations approached the psychologically important level of 1.2000, but could not overcome it and began to correct upwards. We expect maintaining a high levels of volatility in the near future and look forward to falling prices in the medium term to 1,1500-1,1600.

Nearest resistance levels: 1,2500, 1,2600, 1,2800, 1,3000, 1,3225, 1,3350, 1,3500, 1.3600

Nearest support levels: 1,2200, 1,2000, 1,1600, 1,1500

Currencies trading and Japanese yen. The price of USD/JPY corrected downwards, and at the moment is trying to gain a foothold above the important level of 103.50. In case of success, quotations will continue to rise to 105.00 and 106.40. According to our forecast, the correction in the near future will be limited by the lower boundary of the rising channel and the support level at 103.00. According to our estimates, the growth of quotations will continue in the near future and medium term.

Nearest resistance levels: 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15

Nearest support levels: 101,40, 100,00, 99,00, 98,60, 97,00

Currencies trading and Australian dollar. The price of AUD/USD continues to decline along the inclined line after has broken through the support level at 0.7600. Fixing the price below this mark will be the basis for the continuation of negative dynamics of price with the objectives at 0.7450 and 0.7250. Our medium-term outlook remains negative, but within correction quotes can return to resistance at 0.7700.

Nearest resistance levels: 0,7600, 0,7700, 0,7800, 0,8000

Nearest support levels: 0,7500, 0,7450, 0,7320, 0,7250, 0,7120, 0,7000

Currencies trading and New Zealand dollar. The price of NZD/USD after overcoming the support at 0.7200, continued to decline gradually and may soon reach the levels of 0.6820, 0.6600 and 0.6450. Growth within the correction is limited by the resistance level at 0.7200. We forecast a decline in prices in the medium term and the probability of falling in the near future has increased significantly.

Nearest resistance levels: 0,7200, 0,7320, 0,7400, 0,7500

Nearest support levels: 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6600, 0,6450

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here