29.06.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD continues to consolidate near the level of 1.1050 in case of continued growth, quotations will reach the level of 1.1200. On the other hand, the basis for the continuation of the negative dynamics of price fixing will be below the level of 1.0985. According to our estimates, the more likely it is the fall in the price in the medium term and in the near future.

Nearest resistance levels: 1,1200, 1,1400, 1,1500, 1,1620, 1,1750

Nearest support levels: 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550, 1,0500

Currencies trading and British pound. The price of GBP/USD could not continue to grow within the correction and is currently below the level of 1.3350. In case of continued negative dynamics, the closest target levels will be 1.3225, 1.3000 and 1.2800. The growth in the near future is limited by the resistance at 1.3600. Our medium-term outlook remains negative.

Nearest resistance levels: 1,3350, 1.3600, 1.3840, 1.4040, 1.4500, 1.4670, 1.4850, 1,5000

Nearest support levels: 1,3225, 1,3000, 1,2600

Currencies trading and Japanese yen. The price of USD/JPY resumed the decline after could not continue the upward movement and reach the resistance level at 103.50. In the near future a drop in prices may continue until the psychologically important mark of 100.00. In the near future the negative dynamics is likely to continue, but in the medium term, we expect growth of quotations.

Nearest resistance levels: 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15, 113.00

Nearest support levels: 100,00, 99,00, 98,60

Currencies trading and Australian dollar. The price of AUD/USD showed growth and at the moment is trying to gain a foothold above the level of 0.7400. In case of success, the upward movement of quotations will continue to 0.7500 and 0.7575. On the other hand, fixing the price below the support level at 0.7320 will be a signal to sell with closest targets at 0.7250, 0.7000 and 0.6840. Our medium-term outlook remains negative and we look forward to the resumption of negative dynamics in the near future.

Nearest resistance levels: 0,7400, 0,7500, 0,7575, 0,7700, 0,7800, 0,8000

Nearest support levels: 0,7320, 0,7250, 0,7120, 0,7000, 0,6840

Currencies trading and New Zealand dollar. The price of NZD/USD is growing after breaking through the level of 0.7050. In case of continued rising dynamics, quotations will continue to grow to 0.7250, and the overcoming of this level is unlikely. The breaking of support level at 0.6970 will be the cause to open short positions with the targets at 0.6820 and 0.6720. Our medium-term outlook remains negative.

Nearest resistance levels: 0,7250, 0,7400, 0,7500

Nearest support levels: 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450, 0,6400, 0,6320

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.