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17.07.2015 - ​Technical view

Currencies trading and euro. The price of EUR/USD continues to fall along the inclined line of resistance. In case of breaking through it, quotes can correct to the level of 1.1000 and 1.1080. The closest targets in case of continuation of the negative dynamics of the current levels will be 1.0700 and 1.0500. We maintain a medium-term negative outlook.

Nearest resistance levels: 1.0900, 1.1000, 1.1080, 1.1150, 1.1250, 1.1400, 1.1450, 1.1500

Nearest support levels: 1.0800, 1.0550

Currencies trading and British pound. The price of GBP/USD keeps consolidating near the level of 1.5600 and moves within the local rising channel. In case of continuation of this upward movement, the price will reach the target levels at 1.5700 and 1.5900. In case of breaking through the lower boundary of the channel, the price can drop to a strong support level at 1.5350. Our medium-term outlook remains negative.

Nearest resistance levels: 1.5630, 1.5700, 1.5800, 1.5900, 1.6000

Nearest support levels: 1.5500, 1.5350, 1.5200, 1.5000, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY within the growth has reached the level of 124.25, but could not break it. In case of overcoming this mark, we recommend to open long positions with the closest targets at 125.00 and 125.70. In case of correction, quotations may decline to the levels of 123.00 and 122.50. Our medium-term outlook is positive with targets near 128.00.

Nearest resistance levels: 124.25, 125.00, 125.70, 128.00, 130.00

Nearest support levels: 122.50, 122.00, 121.50, 120.20, 119.00, 118.50, 117.40

Currencies trading and Australian dollar. The price of AUD/USD has corrected upwards after a sharp decline and some consolidation around the level of 0.7350. Currently quotes are consolidated near the strong level of 0.7400 and in case of the continuation of the current growth will reach the resistance at 0.7500. According to our forecasts, the price will continue to fall within the descending channel in the medium term and will reach the target level of 0.7200.

Nearest resistance levels: 0.7400, 0.7500, 0.7600, 0.7700, 0.7800, 0.7840, 0.7900, 0.8000

Nearest support levels: 0.7200, 0.7000

Currencies trading and New Zealand dollar. The price of NZD/USD has stabilized above the level of 0.6500 after reaching the lower limit of the downward channel. At the moment, there is a possibility of ascending rebound with growth potential to the levels of 0.6600 and 0.6700. Our medium-term negative view on the New Zealand dollar remains negative, but we may see a correction in the near future.

Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6850, 0.7000, 0.7080, 0.7200, 0.7260

Nearest support levels: 0.6500, 0.6360

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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