02.05.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continued strong growth after has overcome the resistance level at 1.1400. The next upside target levels in case of continued growth will be 1.1500 and 1.1620. On the other hand, in case of a fall, the closest target levels will be 1.1400 and 1.1200. Our medium-term outlook remains negative, but the growth may continue in the near future.
Nearest resistance levels: 1.1500, 1,1620, 1,1750
Nearest support levels: 1.1400, 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD continued growth within the local rising channel. In case of continued positive dynamics, quotations will reach the levels 1.4700 and 1.4800. A signal to sell will be breaking through the rising channel's lower border, and the level of 1.4500. In such a case the target levels will be 1.4400 and 1.4180. Our medium-term outlook remains negative.
Nearest resistance levels: 1.4640, 1.4700, 1.4800, 1,5000
Nearest support levels: 1.4500, 1.4400, 1.4050, 1.3840, 1.3600, 1.3500
Currencies trading and Japanese yen. The price of USD/JPY after breaking through the strong support level at 108.00, continued to rise and reached the next target level at 106.60, after breaking through which can continue to rise to 105.00. In case of correction, quotations may return to the level of 108.00. Our medium-term outlook remains positive, but we do not exclude the possibility of the continuation of negative dynamics in the near future.
Nearest resistance levels: 108,00, 109,75, 111,00, 112,15, 113.00, 114.70, 116.00, 118.80
Nearest support levels: 106,60, 105,00, 103,00, 100,00
Currencies trading and Australian dollar. The price of AUD/USD after a slight rebound from the rising channel's lower border, resumed negative dynamics and returned to this border. At the moment, there is a possibility of continuing movement within the channel and reaching the levels 0.7700 and 0.7800. In case of a fall, a confirmation of the signal to sell with targets at 0.7500 and 0.7400 will be fixation of quotations below 0.7575. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7575, 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840
Currencies trading and New Zealand dollar. The price of NZD/USD continued to rise and reached the level of 0.7000. Fixation above this level will be the basis for further growth with the objectives at 0.7200 and 0.7400. According to our estimates, the drop in prices will resume in the near future, and in this case the closest targets will be 0.6900 and 0.6760. Our medium-term outlook remains negative, despite the possible continuation of growth in the near future.
Nearest resistance levels: 0.7000, 0.7200, 0.7400
Nearest support levels: 0,6940, 0,6760, 0.6600, 0.6560, 0.6450, 0.6400, 0.6320, 0.6250