01.07.2015 - Technical view

Currencies trading and euro. The price of EUR/USD after a strong growth of volatility has stabilized near the level of 1.1150 and in the case of consolidation below this level will continue to decline to 1.1000. Growth of price in the near future is limited by the levels of 1.1300 and 1.1400. We expect a continuation of the downward movement of prices in the medium term, with the objectives at 1.1000, 1.0900 and 1.0700.

Nearest resistance levels: 1.1150, 1.1200, 1.1400, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.1080, 1.1000, 1.0900, 1.0800, 1.0550

Currencies trading and British pound. The price of GBP/USD continues to consolidate near the level of 1,5700-1,5800. In case of overcoming the level of 1.5800, quotes will continue to rise up to 1.5900. On the other hand more likely is overcoming the support level at 1.5700, which will be the basis for the continuation of the downward movement of the price to the target levels at 1.5500 and 1.5350. Our medium-term outlook remains negative and we are waiting for the signal to open new positions.

Nearest resistance levels: 1.5800, 1.5900, 1.6000

Nearest support levels: 1.5700, 1.5500, 1.5400, 1.5350, 1.5200, 1.5000, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY has broken through the strong support level and currently is trying to gain a foothold below it. In case of success we expect a further decline in price to the levels of 121.50 and 120.20. On the other hand, a breaking of the an inclined resistance line around which the price is right now will be the basis for the resumption of growth to the next target levels at 124,00-124,25. Our medium-term outlook remains positive.

Nearest resistance levels: 123.75, 124.25, 125.00, 125.70, 128.00, 130.00

Nearest support levels: 122.50, 121.50, 120.20, 119.00, 118.50, 117.40

Currencies trading and Australian dollar. The price of AUD/USD continued the growth and has overcome the upper limit of the local downward channel and level 0.7700. This fact is the basis for the continuation of the upward movement of the price to the level of 0.7800. In case of resumption of the downward movement, quotes will reach the level of 0.7600. We expect a decrease in prices in the medium term to 0.7500 and 0.7200.

Nearest resistance levels: 0.7800, 0.7840, 0.7900, 0.8000, 0.8200, 0.8250, 0.8500

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

Currencies trading and New Zealand dollar. The price of NZD/USD is corrected upwards within the local ascending channel and in the case of its continuation of the current growth can reach the level of 0.6850 and the upper limit of the downward channel. In case of leaving the channel and overcoming the mark of 0.6850, we expect further growth of price to 0.7000. On the other hand, more likely is a continuation of the downward movement of price to the target level of 0.6600. Our medium-term outlook remains negative.

Nearest resistance levels: 0.6850, 0.7000, 0.7080, 0.7200, 0.7260, 0.7300, 0.7400, 0.7430

Nearest support levels: 0.6700, 0.6600

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