09.10.2015 - Technical view

Currencies trading and euro. The price of EUR/USD has broken through the inclined resistance line and continued to consolidate around the level of 1.1300, after rising of volatility yesterday. Fixing the price above 1.1300, will be a reason for further growth with the objectives at 1.1400 and 1.1620. The fall is limited by the lower boundary of the rising channel and its breaking will lead to further drop in prices to 1.1100. In the medium term, we expect a price drop to the levels of 1.0700 and 1.0500, but growth may continue in the near future.

Nearest resistance levels: 1.1300, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700

Nearest support levels: 1.1200, 1.1100, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD has continued growth after consolidation above the level of 1.5250 and overcoming resistance at 1.5350. This fact is a strong signal for the continued growth of quotations to the nearest target level at 1.5460 and the upper limit of the downward channel. In case of correction, quotes can be reduced to 1.5250, but this scenario is unlikely. Our medium-term outlook remains negative, but a positive trend is likely to continue in the near future.

Nearest resistance levels: 1.5460, 1.5675, 1.5700, 1.5800, 1.5900

Nearest support levels: 1.5350, 1.5250, 1.5000, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY not has broken through inclined support line and began to correct upwards. Within the current upward trend, quotations are likely to reach a level of resistance at 120.50 and then the upward movement may continue to 121,50. In case of breaking through the sloping support line the price may fall to 119.00 and 118.00. We expect price growth after the current consolidation of price.

Nearest resistance levels: 121.50, 123.00, 124.50, 125.00, 125.70, 128.00, 130.00

Nearest support levels: 119.00, 118.50, 118.00, 117.00

Currencies trading and Australian dollar. The price of AUD/USD continued to rise after breaking through the important resistance level at 0.7260. In case of fixing above this level will be formed a double bottom figure, which indicates a change in trend to positive. Our medium-term outlook remains negative, but it can be revised in the near future.

Nearest resistance levels: 0.7200, 0.7260, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800

Nearest support levels: 0.7000, 0.6900, 0.6750, 0.6600, 0.6500

Currencies trading and New Zealand dollar. The price of NZD/USD came close to the target level at 0.6700 after overcoming the important resistance level at 0.6600. The breaking of this mark will open the way for continued growth, with the target at 0.7000. It is worth noting the growth of the probability of a downward price correction to the nearest support level at 0.6600. Our medium-term outlook remains negative.

Nearest resistance levels: 0.6700, 0.6800, 0.6850, 0.7000

Nearest support levels: 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000

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.