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27.04.2015 - Technical view

The price of EUR/USD reached the level of 1.0900 and continues to grow inside the rising channel and can continue the upward movement to 1.1050. In case of renewed downward movement, a signal of changing local trend to the negative will be breaking through the lower boundary of the rising channel and fixation below 1.0700. The next upside target level in case of a fall will be 1.0550. We maintain our medium-term negative outlook and expect the resumption of price reduction this week.

Nearest resistance levels: 1.0900, 1.1000, 1.1100, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0800, 1.0700, 1.0500, 1.0400, 1.0100

The price of GBP/USD continued growth within the local rising channel and approached the target near the mark 1.5200. If this level is passed, quotes will continue to rise up to 1.5350. In case of correction, the first target is an important level of 1.5000, after which the decline may continue to 1.4800 and 1.4600. Our medium-term outlook remains negative and we expect the change of the local trend in the near future.

Nearest resistance levels: 1.5200, 1.5300, 1.5350, 1.5500, 1.5550

Nearest support levels: 1.5000, 1.4800, 1.4700, 1.4600, 1.4500

The price of USD/JPY could not continue the downward movement and started to correct upwards. A further drop in prices is limited by a strong support level at 118.50. Signal for continued growth will be breaking through the sloping resistance line and fixing the price above the level of 120.00. We maintain our positive outlook for the medium-term and recommend holding long positions with a stop below 118.50.

Nearest resistance levels: 119.50, 120.50, 122.00, 125.00

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

The price of AUD/USD has broken through the level of 0.7800 and currently is consolidating above this mark. In the near future, the upward movement may continue to the level of 0.7900, and then probably will resume falling. Our medium-term view of the Australian dollar remains negative and we expect a price drop to levels 0,7500-0,7550 and recommend holding short positions with a stop above 0.7900.

Nearest resistance levels: 0.7850, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360

Nearest support levels: 0.7700, 0.7600, 0.7500, 0.7200

The price of NZD/USD after an unsuccessful attempt to overcome the level of 0.7550, started to correct upwards and returned to the important level of 0.7620. In case of continuation of the current dynamics, the price will reach 0.7700. A signal to sell will be fixing the price below 0.7550. To determine the medium-term price direction we need new signals.

Nearest resistance levels: 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7620, 0.7550, 0.7400, 0.7310, 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