20.09.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD corrected upwards in the descending channel, lower boundary of which reached earlier. In case of overcoming the upper boundary of the channel, quotes will continue to rise to 1.1260 and 1.1350. In order to continue the negative dynamics with the first targets at 1.1050 and 1.0985 quotes need to overcome the support level at 1.1140. Our medium-term outlook remains negative with the objectives at 1.0700 and 1.0550 and we expect a strong movement in the coming days.

Nearest resistance levels: 1,1200, 1,1400, 1,1500, 1,1620, 1,1750

Nearest support levels: 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550, 1,0500

Currencies trading and British pound. The price of GBP/USD rebounded from the support level at 1.3000 and keeps consolidating above it. In the coming days we will see increased volatility and under further price correction the targets will be 1.3225 and 1.3350. Overcoming the psychologically important level of 1.3000, will become the basis for the continuation of negative dynamics with the objectives at 1.2800 and 1.2600. Our medium-term outlook remains negative.

Nearest resistance levels: 1,3225, 1,3350, 1,3500, 1.3600, 1.3840, 1.4040, 1.4500, 1.4670

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

Currencies trading and Japanese yen. The price of USD/JPY gradually decreased within the corridor 101,40-103,00. In case of continued negative dynamics, quotations may fall to 100.85 and 99.60. In the case of the rebound from support at 101.40, the price may rise to 103.50, 105.00 and 106.40. We expect price growth in the medium term, and volatility will grow strongly tomorrow.

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 was not able to continue its growth after reaching the upper limit of the local ascending channel. A further increase in prices is possible to the levels 0.7575 and 0.7650. Tomorrow there is a high possibility of strong price movements. We expect falling prices in the near future to 0.7320 and 0.7250 and maintain the medium-term negative outlook.

Nearest resistance levels: 0,7650, 0,7700, 0,7800, 0,8000

Nearest support levels: 0,7500, 0,7450, 0,7320, 0,7250, 0,7120, 0,7000

Currencies trading and New Zealand dollar. The price of NZD/USD reached the level of 0.7320 and the lower boundary of the ascending channel. In case of overcoming 0.7320, growth may continue to 0.7400 and 0.7500. In the near future the price may drop to 0.7250 and 0.7200. Confirmation of the sell signal will be fixation below 0.7200. Our medium-term view is negative with the objectives at 0.6600 and 0.6450.

Nearest resistance levels: 0,7320, 0,7400, 0,7500

Nearest support levels: 0,7250, 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450

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.