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26.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has shown a slight increase after failed to overcome the level of 1.1250, and continued the decline. A further increase in price in the near future is limited by the levels of 1,1350-1,1400. The signal about the change of the local uptrend to the descending will be breaking through the bottom of the channel and fixation lower than 1.1200. Our medium-term outlook remains negative and we expect a rise in volatility today.

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 corrected downwards and reached the inclined support line breaking through and fixation below which will become the basis for opening short positions with the targets at 1.3000 and 1.2800. In case of fixation above 1.3225, the price with a high probability will continue to rise to 1.3500 and 1.3600. Our medium-term outlook remains negative and we look forward to the resumption of decline within the channel in the near future.

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 continues to consolidate within a narrow corridor near the psychologically important level of 100.00. Further fall in the near future is limited by the levels of 100.00 and 99.00. In case of resumption of growth and the price fixation above 100.85, we expect growth to 103.50, 105.00 and 106.40. Our medium-term outlook remains positive, and we expect a strong movement today.

Nearest resistance levels: 101,40, 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15

Nearest support levels: 100,00, 99,00, 98,60, 97,00

Currencies trading and Australian dollar. The price of AUD/USD is consolidated within the descending channel and in case of breaking of its upper border, will continue the rise to 0.7700 and 0.7800. In case of continued negative dynamics within the channel, target levels will be 0.7450 and 0.7250. Our medium-term outlook remains negative and we expect a fall in the near future.

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

Nearest support levels: 0,7575, 0,7500, 0,7400, 0,7320, 0,7250, 0,7120, 0,7000

Currencies trading and New Zealand dollar. The price of NZD/USD continues to consolidate near the level of 0.7320. Fixation higher than this level will be the cause for continuation of rising dynamics to 0.7400 and 0.7500. It should be noted that the amplitude of price fluctuations is reduced and in case of breaking though a local minimum at 0.7200, we recommend to open short positions with the targets at 0.7050 and 0.6820. Our medium-term outlook remains negative and we expect a strong movement today.

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

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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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