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10.09.2015 - Technical view

Currencies trading and euro. The price of EUR/USD broke through the important level of 1.1200, but continues to consolidate around it. Further growth is limited by the resistance levels at 1.1300 and 1.1400. In case of resumption of negative dynamics and fixation below 1.1100, quotes will continue to drop to 1.1000 and 1.0850. After a long consolidation, we expect a strong price movement. Our medium-term outlook remains negative.

Nearest resistance levels: 1.1200, 1.1300, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700

Nearest support levels: 1.1080, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD reduced to the level of 1.5350, and is consolidated above it. The breaking of this level will be the reason for the opening of the short-term short positions with the target at 1.5200. Growth of price in the near future is limited by the level of 1.5460. We expect a drop in prices in the medium term.

Nearest resistance levels: 1.5460, 1.5550, 1.5675, 1.5700, 1.5800, 1.5900

Nearest support levels: 1.5350, 1.5200, 1.5000, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY has shown an increase in volatility, but continues to move around the level of 120.50. Breaking through the level of 121.50 will confirm the signal for opening long positions with the targets at 123.00 and 124.50. Fall of price is limited by the support level at 119.00 and 118.00. Our medium-term outlook remains positive, and we are waiting for the confirmation of the signal for opening long positions.

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

Nearest support levels: 120.50, 119.00, 118.50, 118.00, 117.00

USD vs JPY Chart

Currencies trading and Australian dollar. The price of AUD/USD has dropped to the lower limit of the downward channel and rebounded away. In the near future quotations may continue to rise to 0.7050. Overcoming the local level of resistance the will be the basis for further upward price movement to 0.7200 and the upper limit of the downward channel. Our medium-term outlook remains negative, despite the possibility of growth 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 after reaching the level 0.6400 has shown a strong decline to a local minimum at 0.6250. At the moment, there is a possibility of rebound of quotations upward. On the other hand, the overcoming of support at 0.6250 would be the reason for further fall to target levels at 0.6200 and 0.6000. We recommend holding short positions with a stop above 0.6400 and keep the negative medium-term outlook.

Nearest resistance levels: 0.6320, 0.6400, 0.6500, 0.6600, 0.6700, 0.6800, 0.6850, 0.7000

Nearest support levels: 0,6250, 0.6200, 0.6000

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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