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27.05.2014 - Technical view

The price of EUR/USD has broken through the upper limit of the downward channel and tries to gain a foothold above 1.3640. In case of further growth, the price can reach resistance at 1.3730. With the resumption of the downward movement, the price will fall to 1.3600. We expect continued ascending movement, but keep medium and long term negative outlook for the pair.

Nearest resistance levels: 1.3660, 1.3700, 1.3730, 1.3790, 1.3850, 1.3900, 1.3940

Nearest support levels: 1.3600, 1.3560

The price of GBP/USD has fixed above the strong level of 1.6840 and continued an upward movement. In case of further growth, the price can reach 1.6900 and 1.7000. Within the correction, the price may fall to 1.6840. We keep medium and long term positive outlook for the pound.

Nearest resistance levels: 1.6900, 1.7000

Nearest support levels: 1.6840, 1.6770, 1.6700, 1.6600

The price of USD/JPY has reached the strong level of 102.00, but could not overcome it. Within correction the price may fall to the upper boundary of the channel and the level of 101.80. In case of further growth, a signal to buy will be price fixing above 102.00. We maintain medium and long term positive outlook.

Nearest resistance levels: 102.00, 102.40, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 101.40, 100.90

The price of AUD/USD continued the upward movement and in case of its continuation the quotes can reach 0.9300. With the resumption of the downward movement, the price needs to break the support level at 0.9220 and fix below 0.9200. We maintain a medium-term negative outlook for the Australian dollar, but expect continued growth today.

Nearest resistance levels: 0.9300, 0.9320, 0.9340, 0.9400, 0.9450

Nearest support levels: 0.9220, 0.9200, 0.9130

The price of NZD/USD has broken through the resistance level at 0.8560 and now is trying to gain a foothold above it. Further growth is limited by an inclined line and the resistance level at 0.8600. We expect the resumption of the downward movement and keep medium-term negative outlook for the New Zealand dollar.

Nearest resistance levels: 0.8600, 0.8700, 0.8740

Nearest support levels: 0.8560, 0.8520, 0.8450

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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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