Forex Technical Analysis 2012/28/06 (EUR/USD, GBP/USD, USD/CHF, NZD/USD, AUD/USD) Forecast FX

27.06.2012

Forecast for June 28th, 2012

EUR/USD

The EUR/USD currency pair is moving according to our forecast, we should still expect it to continue falling down. Currently the price is testing the descending channel’s upper border. One can consider selling Euro from the current levels with the stop above 1.2525. The closest target of the fall is the area of 1.2360. We recommend to increase the amount of short positions only after the price breaks the level of 1.2435. If the pair grows up higher than 1.2560, this scenario will be cancelled.



GBP/USD

The GBP/USD currency pair continues moving inside the descending channel, the price hasn’t reached the area for sales yet. Currently we should expect the pair to test the level of 1.5680, where one can consider selling Pound with the stop above 1.5705. The target of the fall is the area of 1.55. We recommend to increase the amount of short positions only after the price breaks the level of 1.5585.



USD/CHF

In case of the USD/CHF currency pair we recommend to hold long positions. The target of the growth is the area of 0.9695, one can consider buying the pair from the current levels. If the price falls down lower than 0.9575, this scenario will be cancelled. We recommend to increase the amount of purchases only after the price breaks the level of 0.9645.



NZD/USD

New Zealand Dollar is under pressure, we should expect the price to start falling down from the current levels. The RSI indicator has tested the trend’s broken line. The stop should be placed above 0.7945. The closest target of the fall is the area of 0.7770. We recommend to increase the amount of short positions only after the price breaks the level of 0.7835.



AUD/USD

Australian Dollar is testing a very strong resistance level, the pair may start moving downwards from the current levels. The closest target of the fall is the area of 0.9990. One can consider selling the pair with the tight stop and increase the amount of sales inly after the price breaks the support level of 0.9990. The next target of the fall will be the area of 0.9860.

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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