11.07.2014 - Technical view

The price of EUR/USD after reaching 1.3650 sharply changed direction and reached the support at 1.3590 and now is consolidating near 1.3600. With a further fall a signal to sell will be consolidation below 1.3590. Growth is limited by the resistance at 1.3650 and 1.3665. Medium-term outlook remains negative.

Nearest resistance levels: 1.3665, 1.3700, 1.3750, 1.3790

Nearest support levels: 1.3590, 1.3530, 1.3500, 1.3400

The price of GBP/USD continues to move along the bottom of the rising channel. To continue the upward movement within it, quotations will have to overcome the strong resistance level at 1.7180. In case of trend change to negative, a signal to sell will be price fixing below 1.7100. We expect the signal to start active actions, but keep medium-term positive outlook.

Nearest resistance levels: 1.7180, 1.7200, 1.7300

Nearest support levels: 1.7100, 1.7060, 1.7000, 1.6950, 1.6900, 1.6810, 1.6770

The price of USD/JPY has broken the support at 101.40 and now is trying to fix below this level. Further fall is limited by the lower boundary of the descending channel and the level of support at 100.90. The potential for further reduction is limited and we expect a short-term trend change to positive and maintain a medium-term positive outlook.

Nearest resistance levels: 101.40, 102.20, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 100.90, 100.00

The price of AUD/USD rebounded from the support level at 0.9360 and again reached 0.9400. To continue the downward movement, the price should break through support at 0.9360 and 0.9330. Continued rise above 0.9440 is unlikely. We maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9360, 0.9330, 0.9300, 0.9220, 0.9200

The price of NZD/USD continues the side movement between the support level at 0.8780 and the upper border of the rising channel. The price will probably continue to move in this range in the near future due to the low potential for growth of volatility. We expect new signals for opening positions on the New Zealand dollar.

Nearest resistance levels: 0.8850

Nearest support levels: 0.8800, 0.8780, 0.8660, 0.8600, 0.8560, 0.8480

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.