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18.07.2014 - ​Technical view

The price of EUR/USD continues to move along the bottom of the descending channel and is consolidating around the mark of 1.3530. In the near future is possible the upward price correction with targets at 1.3560 and 1.3590. We look forward to continuing the downward movement in the medium term with objectives around 1.3400.

Nearest resistance levels: 1.3590, 1.3665, 1.3700, 1.3750, 1.3790

Nearest support levels: 1.3500, 1.3400

The price of GBP/USD declined and continues downward movement to the nearest support level 1.7060. Growth is limited by a strong resistance level at 1.7180. In case of continued decline, a signal to sell will be the price fixing below 1.7060. We maintain our positive outlook for the medium-term with objectives at 1.7200 and 1.7300.

Nearest resistance levels: 1.7180, 1.7200, 1.7300

Nearest support levels: 1.7060, 1.7000, 1.6950, 1.6900, 1.6810, 1.6770

The price of USD/JPY reached the target level of 101.20 and began to correct upwards. In case of continued upward movement, the price probably will reach 101.60. Signal to open positions will be fixing prices above 101.80 or below 101.20. We expect that in the medium term the price will rise to 102.70 and 104.00.

Nearest resistance levels: 102.20, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 101.20, 100.90, 100.00

The price of AUD/USD continues to consolidate within the triangle and after moving beyond its limits, we expect the strong price movement. Confirmation of a buy signal will be the price fixing above 0,9400. Target levels in such case will be 0.9440 and 0.9500. In case of decrease, we recommend to open short positions after the price fixing below 0.9330, with the target at 0.9220. Medium-term outlook remains negative.

Nearest resistance levels: 0.9400, 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9330, 0.9300, 0.9220, 0.9200

The price of NZD/USD continued to decline and reached the strong support level at 0.8660. In case of further decline, the price will reach the strong support at0.8560. The upward correction is limited to the level of 0.8720. We expect the upward correction in the near future and look forward to additional signals.

Nearest resistance levels: 0.8780, 0.8800, 0.8850

Nearest support levels: 0.8660, 0.8600, 0.8560, 0.8480

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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