01.04.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continued growth during which was able to update the local maximum and overcome the resistance level at 1.1350. If the price fixates above this mark, we expect continued growth of price to the level of 1.1500. Corrections within the channel is limited by the lower boundary of the rising channel. Our medium-term outlook remains negative, despite the possibility of continued growth in the near future.
Nearest resistance levels: 1.1350, 1.1400, 1.1450, 1.1500
Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD could not overcome the resistance level at 1.4400 and is currently declining inside the rising channel. In the nearest future quotations may reach the support level at 1.4180, after which negative dynamics may continue until 1.4050 and 1.3840. The growth in the near future is limited by the resistance at 1.4500. Our forecast for the coming months remains negative.
Nearest resistance levels: 1.4400, 1.4500, 1.4640, 1.4700, 1.4800
Nearest support levels: 1.4180, 1.4050, 1.3840, 1.3600, 1.3500
Currencies trading and Japanese yen. The price of USD/JPY continues to consolidate above the support level at 112.15 and its breaking through will be the basis for the continuation of the negative dynamics of price to the strong support at 111.00. In case of a rebound, the quotes will rise to the inclined line of resistance after overcoming of which growth may continue to 114.70. We expect price growth in the medium term and in the near future.
Nearest resistance levels: 113.00, 114.70, 116.00, 118.80, 120.20, 121.50, 122.30
Nearest support levels: 112,15, 111,00, 110,60, 108,00
Currencies trading and Australian dollar. The price of AUD/USD continues to consolidate near this year's highs. In case of fixation above the level of 0.7675, quotations will continue to rise to 0.7800 and 0.8000. According to our forecasts, after strong growth in previous weeks, we will see the change in trend to negative with potential targets at 0.7400 and 0.7250. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7675, 0,7800, 0,6000
Nearest support levels: 0.7575, 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840, 0.6800
Currencies trading and New Zealand dollar. The price of NZD/USD after breaking through the resistance level at 0.6875, continues to consolidate above this level. In case of continued rising dynamics quotations will reach the psychologically important level of 0.7000. According to our estimates in the near future the price fall will resume with the objectives at 0.6600 and 0.6450. Our medium-term outlook is also negative.
Nearest resistance levels: 0.6900, 0.7000
Nearest support levels: 0.6820, 0.6600, 0,6560, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200