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27.06.2016 - Technical view

Currencies trading and euro. The price of EUR/USD shows the high level of volatility and at the moment is within the range 1,0985-1,1050. In case of continued negative dynamics, the closest target levels are 1.0850 and 1.0700. The growth in the near future is limited by the resistance at 1.1200. Our medium-term outlook remains negative and we expect a continuation of the current downward movement in the near future.

Nearest resistance levels: 1,1050, 1,1200, 1,1400, 1,1500, 1,1620, 1,1750

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

Currencies trading and British pound. The price of GBP/USD after a strong decline, rebounded during the last trading session, but today resumed the fall and is currently located near the level of support at 1.3400. In case of continued negative dynamics, the closest target levels will be 1.3225 and 1.3000. The growth in the near future is limited by the resistance level at 1.3600 and 1.3840. Our forecast for the near future remains negative and we expect maintaining high level of volatility.

Nearest resistance levels: 1.3600, 1.3840, 1.4040, 1.4500, 1.4670, 1.4850, 1,5000, 1,5150

Nearest support levels: 1,3400, 1,3225, 1,3000, 1,2600

Currencies trading and Japanese yen. The price of USD/JPY stabilized around the level of 102.00 after showed a strong decline during which could break through the psychologically important support level at 100.00. The fall of prices in the near future, is possible till the inclined line of support and the level of 100.00. In case of correction, the first target will be the level of 103.50 and 106.40. We expect price growth in the near future.

Nearest resistance levels: 108,00, 109,75, 111,00, 112,15, 113.00, 114.70, 116.00

Nearest support levels: 106,40, 105,00, 103,40, 100,00

Currencies trading and Australian dollar. The price of AUD/USD dropped to 0.7400 after the upward correction during the previous trading session. Overcoming the support at 0.7400 will become the basis for the continuation of negative dynamics of price with the closest targets at 0.7300 and 0.7250. Our medium-term outlook remains negative and in the nearest future growth is limited by the resistance level at 0.7500.

Nearest resistance levels: 0,7500, 0.7575, 0.7700, 0,7800, 0,6000

Nearest support levels: 0.7400, 0.7250, 0.7120, 0.7000, 0.6840

Currencies trading and New Zealand dollar. The price of NZD/USD continued to decline after the recent rebound and in the near future can reach the psychologically important level of 0.7000, breaking of which will be the basis for the continuation of negative dynamics of price till 0,6800-0,6820. Our medium-term outlook remains negative, and growth in the near future is limited by the resistance at 0.7250.

Nearest resistance levels: 0,7250, 0,7400, 0,7500

Nearest support levels: 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450, 0,6400, 0,6320

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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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