12.05.2015 - Technical view

Currencies trading and euro. The price of EUR/USD has shown a slight increase after consolidation near the level of 1.1130. It is worth mentioning that earlier the price broke the lower boundary of the rising channel and fixing the price below the local minimum at 1.1100 will become the basis for the continuation of a drop in prices to the levels of 1.0900, 1.0700 and 1.0550. The price growth in the near future is limited by the levels of 1.1280 and 1.1400. We expect confirmation of the signal for opening short positions and maintain the medium-term negative outlook for the euro.

Nearest resistance levels: 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.1100, 1.1050, 1.1000, 1.0900, 1.0800, 1.0550, 1.0500

Currencies trading and British pound. The price of GBP/USD could not overcome the support level at 1.5350. Currently quotations broke through the psychologically important level at 1.5500 and fixing above it will become the basis for continued growth to 1.5810 and 1.6000. In case of correction, quotations may fall to the lower boundary of the rising channel and local support at 1.5350. We expect further growth of quotations in the near future, but maintain a medium-term negative view on the British pound.

Nearest resistance levels: 1.5600, 1.5810, 1.6000

Nearest support levels: 1.5550, 1.5500, 1.5350, 1.5200, 1.5100, 1.5000, 1.4700, 1.4600

Currencies trading and Japanese yen. The price of USD/JPY shows moderate growth, but continues to consolidate near the level of 120.00. Further increase in price is limited by the levels of 121,00 and 122,00. In the case of a fall, quotes will reach the mark 119.50, then may continue to fall to the strong support at 118.50, a breaking of which is unlikely. We expect the price growth of the pair in the medium term.

Nearest resistance levels: 121.00, 122.00, 125.00

Nearest support levels: 120.00, 119.50, 118.50, 117.40, 116.00, 115.00, 114.00

Currencies trading and Australian dollar. The price of AUD/USD is consolidated near the level of 0.7900. For the continued growth of quotations is necessary to overcome an inclined resistance line. It is worth noting that, for the continued growth of quotations is necessary to fix below 0.7800, which will be the basis for the continuation of reduction of price to 0.7700 and 0.7550. Our medium-term outlook remains negative and we are waiting for the signal for the opening short positions.

Nearest resistance levels: 0.8000, 0.8040, 0.8200, 0.8250

Nearest support levels: 0.7900, 0.7800, 0.7700, 0.7600, 0.7550, 0.7500, 0.7200

Currencies trading and New Zealand dollar. The price of NZD/USD rebounded from the bottom of the downward channel, but the price increase within the correction is limited by the level of resistance at 0.7400 and the upper boundary of the channel. On the other hand, we remain confident in the further drop in prices to the target level of 0.7200. We recommend to keep short positions with a stop above 0.7500 and target at 0.7200.

Nearest resistance levels: 0.7400, 0.7500, 0.7620, 0.7700, 0.7740, 0.7800, 0.7850

Nearest support levels: 0.7310, 0.7200, 0.7000

March 31 of USD Performance

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.