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12.09.2016 - Technical view

Currencies trading and euro. The price of EUR/USD corrected to the level of support at 1.1200, but could not overcome it. As a result, the price is consolidating within the range 1,1200-1,1260. In case of continued growth quotations may reach the levels 1,1350-1,1400. On the other hand breaking through the level of 1.1200 and fixation below it will become the basis for the continuation of the negative dynamics with its closest targets at 1.1050 and 1.0985. Our medium-term outlook remains negative and we expect a decrease in the near future.

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 has corrected inside the rising channel and approached the important support level at 1.3225 and the lower boundary of the channel. In case of fixing below these levels, we are forecasting a drop in prices to 1.3000 and 1.2800. In case of upward rebound and resumption of growth, the price may reach 1.3350 and 1.3500. Our medium-term outlook remains negative and we expect increased volatility this week.

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

Nearest support levels: 1,3225, 1,3000, 1,2800, 1,2600, 1,2500, 1,2200, 1,2000

Currencies trading and Japanese yen. The price of USD/JPY slightly decreased today within the correction and may soon resume growth and reach the levels 103,500 and 105,00. The fall in the near future is limited by the levels of 100.85 and 99.60. Our medium-term outlook remains positive, and we are forecasting strong price movements this week.

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 shows a sharp decline in price after has broken the lower border of the rising channel and the local support level at 0.7650. In the near future quotes will reach the level of 0.7500 and fixation below it will become the basis for the continuation of the negative dynamics of price with the objectives at 0.7320 and 0.7250. 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 has fallen to the support level at 0.7320 and its breaking through will be the basis for the continuation of the negative dynamics of price with the targets at 0.7050 and 0.6820. In the coming days we can see a rebound after the recent strong decline and in such case the price may reach the levels 0,7400-0,7500. Our medium-term outlook remains negative and we expect a fall in the near future.

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

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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
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