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23.02.2015 - Technical view

The price of EUR/USD continues moving inside the corridor 1,1280-1,1450. In case of fixing the price above the level of 1.1500, we expect the upward price movement with upside potential at 1.1620 and 1.1750. At the moment, is more probable the price decline of the euro with the first target at 1.1280, the overcoming of which will be the basis for the continuation of the downward movement to 1.1150 and 1.1100. We maintain our medium-term negative outlook and recommend holding short positions.

Nearest resistance levels: 1.1450, 1.1500, 1.1620, 1.1750, 1.1800, 1.1860, 1.2000

Nearest support levels: 1.1350, 1.1280, 1.1100, 1.1000, 1.0800, 1.0500

The price of GBP/USD corrected downwards, and at the moment is moving above the level of 1.5350. The growth of the price in the near future is constrained by the levels 1.5450 and 1.5500, overcoming of which will be the basis for growth to 1.5750. In case of breaking the bottom of the channel and fixing quotations below 1.5350, we expect the decline to 1.5200 and 1.5000. Our medium-term outlook remains negative, but we recommend to keep short-term long positions.

Nearest resistance levels: 1.5500, 1.5750, 1.5800

Nearest support levels: 1.5350, 1.5300, 1.5200, 1.5050, 1.5000, 1.4700, 1.4500

The price of USD/JPY continues to move above the level of 118.50, and in the near future may continue to grow with the potential of reaching the levels of 120.00 and 120.50. In the case of consolidation of quotations below 118.50, we expect the price fall to 117.00 and 116.00. Our medium-term outlook remains positive and we recommend holding long positions with targets at 120.00 and 122.00.

Nearest resistance levels: 120.00, 120.50, 122.00, 125.00

Nearest support levels: 118.50, 117.40, 116.00, 115.00, 114.00, 113.00

The price of AUD/USD is consolidating along the upper boundary of the corridor 0,7740-0,7840. To continue the growth the price must be fixed above this mark. In such case quotations will reach the psychologically important mark of 0.8000. At the moment, there is a high probability of falling the price with the first targets at 0.7740 and 0.7660. Our medium-term outlook remains negative and we recommend holding short positions with the target at 0.7500.

Nearest resistance levels: 0.7840, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7740, 0.7660, 0.7600, 0.7500

The price of NZD/USD is consolidating above the important level of 0.7500. We expect further growth of the price to the level of 0.7620 in the near future. The fall is limited by the sloping support line and a strong level at 0.7440 consolidation below which will confirm the sell signal with the potential of drop to 0.7340 and 0.7200. We maintain a short-term positive outlook.

Nearest resistance levels: 0.7620, 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7500, 0.7440, 0.7340, 0.7200, 0.7000

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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