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06.07.2015 - ​Technical view

Currencies trading and euro. The price of EUR/USD showed a sharp decline and at the moment is trying to close the gap. The growth of price within the correction is possible up to a sloping resistance line and the mark of 1.1100. According to our forecast, the price decline will continue in the near future to the nearest target marks at 1.0900 and 1.0700. Our medium-term outlook remains negative.

Nearest resistance levels: 1.1080, 1.1150, 1.1200, 1.1400, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.1000, 1.0900, 1.0800, 1.0550

Currencies trading and British pound. The price of GBP/USD continued its decline within the descending channel after a minor consolidation near the level of 1.5600. In the near future quotations will reach the level of 1.5500, after overcoming of which is expected further decrease of price to the target levels 1.5350 and 1.5200. Our medium-term outlook remains negative and we expect the fall in the near future.

Nearest resistance levels: 1.5700, 1.5800, 1.5900, 1.6000

Nearest support levels: 1.5500, 1.5400, 1.5350, 1.5200, 1.5000, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY dropped to 122.00, but rebounded upwards and returned to the important level of 122.50. At the moment, there is a possibility of continuing upward price trend to the levels of 123,75-124,25. On the other hand, the decline may resume and quotes will drop to 121.50 and 120.20. Our medium-term outlook remains positive, and we are waiting for the signal for opening positions.

Nearest resistance levels: 123.75, 124.25, 125.00, 125.70, 128.00, 130.00

Nearest support levels: 122.50, 121.50, 120.20, 119.00, 118.50, 117.40

Currencies trading and Australian dollar. The price of AUD/USD continued its sharp fall and at the moment is consolidating near the target level of 0.7500. Fixing the price below this mark will be the basis for the continuation of the downward movement to the level of 0.7200. Within the correctional movement, growth is possible to 0.7600. We maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.7600, 0.7700, 0.7800, 0.7840, 0.7900, 0.8000, 0.8200, 0.8250

Nearest support levels: 0.7550, 0.7500, 0.7200

Currencies trading and New Zealand dollar. The price of NZD/USD continued the downward movement within the channel and according to our estimates in the near future will reach the target level of 0.6600. The correction in the near future is possible only to the upper boundary of the channel. We expect a further decline in prices in the medium term, but after reaching the level of 0.6600 there may be some price consolidation.

Nearest resistance levels: 0.6700, 0.6850, 0.7000, 0.7080, 0.7200, 0.7260, 0.7300, 0.7400

Nearest support levels: 0.6600, 0.6500, 0.6360

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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