Analyst from the company ForexMart

Analyst from the company ForexMart (ForeksMart)

Technical analysis of the levels of Pivot 04.07.

EUR / USD
Yesterday, the pair has been actual downtrend. Couple designated week low at 1.13528 and today continued to decline. Euro is situated below the level of Pivot 1.1379. Indicators continue to decline, that the evidence in favor of the strengthening of the US currency. From a pair of forward to continuing development of the movement, and to reduce vapors in the area of ​​the third support 1.1264. Support levels: 1.13350, 1.13087, 1.12646. Resistance Levels: 1.14054, 1.14495, 1.14758

GBP / USD
On Monday, the pound traded within the bearish trend. Since the beginning of today's session, the pair went to the level of Pivot 1,29641. Indicators signal a decrease in pair. We expect the British to continue the downward movement in the area of ​​the second support 1.2872. Support levels: 1.29052, 1.28727, 1.28138. Resistance Levels: 1.29966, 1.30555, 1.30880

USD / CAD
The pair formed a steady downward trend. Canadian trading within a fairly narrow range, just above the Pivot 1,29959 level. Today, it is quite probable corrective movement up to the first support, and then back to the lows. Support levels: 1.29785, 1.29441, 1.29267. Resistance Levels: 1.30303, 1.30477, 1.30821

USD / CHF
The pair is still actual downtrend. Today, the pair started corrective recovery from their lowest levels since last October. At the moment, suit below the Pivot 0,96703. Indicators suggest continued upward trend in the pair. We expect pair growth to upper limit downward channel. Support levels: 0.95987, 0.95609, 0.94893. Resistance Levels: 0.97081, 0.97797, 0.98175

04.07. fundamental analysis

The focus today:

• Independence Day in the United States.

• index of business activity in the UK construction sector.

• RBA decision on interest rates.

Asian stock market yesterday traded higher due to the increase in the value of oil companies against the backdrop of rising oil prices to $ 49.50 a barrel.

The US dollar strengthened after the publication of index of business activity in the manufacturing sector the values ​​of the US economy, which were better than expected. The yield on ten-year US government bonds continues to grow.

The Australian dollar has fallen after the meeting of the Reserve Bank of Australia Interest Rate Decision. The regulator has kept it at the same level - 1,50%. Australian currency has not helped the good reports on the state of the manufacturing sector of China's economy.