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Technical view 15-01-2016 by FXFINPRO Capital - Forex and CFD

 

Currencies trading and euro. The price of EUR/USD showed an increase and reached the level of 1.0940, but then resumed decline and currently is in the range 1,0850-1,0900. According to our estimates, the growth of price may continue today, but its potential is limited and the negative dynamics will resume with the first target levels at 1.0800 and 1.0700. Our medium-term outlook remains negative. Nearest resistance levels: 1.0900, 1,0985, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450 Nearest support levels: 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200

 

FXFINPRO

 

Currencies trading and Japanese yen. The price of USD/JPY broke through the inclined resistance line and tries gain a foothold above it. In case of continued growth and fixation above the level of 118.40, we recommend opening long positions with the stop below 117.00 and objectives at 120.20, 121.50, 122.30 and 123.60. The fall of quotations in the near future is limited by the level of 117.00. Our medium-term outlook remains positive, and we are waiting for confirmation of a buy signal. Nearest resistance levels: 118.40, 119.00, 120.20, 120.60, 121.50, 122.30, 123.60, 124.50 Nearest support levels: 117.00, 116,00

 

FXFINPRO

 

Currencies trading and Australian dollar. The price of AUD/USD fixed below the level 0.7000 and continued to decline, indicating the further reduction of quotations to the target levels at 0.6900 and 0.6800. Possible increase in price is limited by the upper limit of the downward channel. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.7050. Nearest resistance levels: 0.7000, 0.7050, 0.7150, 0.7200, 0.7300, 0.7400, 0.7500, 0.7600 Nearest support levels: 0.6900, 0.6750, 0.6600

 

FXFINPRO

 

Currencies trading and New Zealand dollar. The price of NZD/USD after reaching the target level of 0.6450, continued the downward movement within the channel and now the closest target level will be 0.6250. Possible increase in the correction is limited by the upper boundary of the channel and the level of 0.6500. Our medium-term outlook remains negative and we recommend holding short positions. Nearest resistance levels: 0.6450, 0.6500, 0.6600, 0.6700, 0.6800, 0.6900, 0.7000, 0.7200 Nearest support levels: 0.6400, 0.6320, 0.6250

 

FXFINPRO

 

Source: www.fxfinpro.com

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