08.09.2016 - Technical view

Currencies trading and euro. The price of EUR/USD is consolidating below 1.1260 and its overcoming will be the basis for continued growth of quotations to 1,1350-1,1400. It is worth mentioning that earlier quotes has left the limits of the local downtrend channel and can grow in the near future. According to our forecasts, the decline will resume in the near future. Our medium-term outlook remains negative.

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

Nearest support levels: 1,1200, 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550, 1,0500

Currencies trading and British pound. The price of GBP/USD corrected downwards inside the rising channel and is currently located around the level of 1.3350. With a further drop of quotes within the channel, the price will reach the bottom border and the level of 1.3225. Growth in the near future is limited by the levels of 1.3500 and 1.3600. Our medium-term outlook remains negative and we are waiting for the continuation of negative dynamics in the near future.

Nearest resistance levels: 1,3225, 1,3350, 1,3500, 1.3600, 1.3840, 1.4040, 1.4500, 1.4670

Nearest support levels: 1,3000, 1,2800, 1,2600, 1,2500, 1,2200, 1,2000

Currencies trading and Japanese yen. The price of USD/JPY stabilized after yesterday's decline as a result of which the price has reached the level of 101.40. In case of continued negative dynamics closest targets will be 100.85 and 99.60. According to our forecasts, the drop will end shortly and the positive dynamics of quotations will resume. Our medium-term outlook remains positive.

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 is consolidated within the range 0,7650-0,7700. In case of continuation of the upward impulse and overcoming the level of 0.7700, the growth will continue to 0.7800 and 0.8000. In the near future quotes will probably correct downwards in case of fixation below 0.7650, the first targets within the fall will be 0.7500 and 0.7320. Our medium-term outlook remains negative.

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

Nearest support levels: 0,7650, 0,7500, 0,7400, 0,7320, 0,7250, 0,7120, 0,7000

Currencies trading and New Zealand dollar. The price of NZD/USD continued growth during which broke through the upper boundary of the rising channel. The next target levels for further growth will be 0.7700 and 0.7800. According to our estimates, the probability of correction in the near future has grown significantly and in case of a fall, the closest target levels will be 0.7320 and 0.7050. Our medium-term outlook remains negative.

Nearest resistance levels: 0,7250, 0,7320, 0,7400, 0,7500

Nearest support levels: 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450

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.