03.06.2016 - Technical view
Currencies trading and euro. The price of EUR/USD after reaching the resistance level at 1.1200, has resumed the fall and in the near future can continue the current dynamics to target levels at 1.1050 and 1.0985. It should be noted that overcoming the resistance level at 1.1400 will become the basis for continued growth of quotations to 1.1400. We maintain our medium-term negative outlook and expect decline in in the near future.
Nearest resistance levels: 1.1200, 1.1400, 1.1500, 1,1620, 1,1750
Nearest support levels: 1.1050, 1.0985, 1.0900, 1.0800, 1.0700
Currencies trading and British pound. The price of GBP/USD after a minor upward correction, reached an inclined resistance line and fixed below it. Now the quotes are around the level of 1.4400 and a breaking of this level will be the basis for the continuation of the negative dynamics of price with the closest targets at 1.4180 and 1.4040. On the other hand, there is a possibility to open long positions with a short stop below 1.4400 and targets at 1,4670-1,4700. Our medium-term outlook remains negative.
Nearest resistance levels: 1.4500, 1.4670, 1.4850, 1,5000, 1,5150
Nearest support levels: 1.4400, 1.4040, 1.3840, 1.3600, 1,3500
Currencies trading and Japanese yen. The price of USD/JPY continues to show negative dynamics after has broken and fixed below the level of 109.75. In case of continued negative dynamics, quotations will reach the levels of 108.00 and 106.60. According to our forecast, the current momentum can continue in the near future, but the medium-term outlook remains positive with the objectives at 114.70 and 116.00.
Nearest resistance levels: 111,00, 112,15, 113.00, 114.70, 116.00
Nearest support levels: 109,75, 108,00, 106,60, 105,00, 103,40, 100,00
Currencies trading and Australian dollar. The price of AUD/USD continues to consolidate near the level of 0.7250 and in case of continuation of negative dynamics, the closest target levels will be 0.7120, 0.7000 and 0.6840. The growth in the near future is limited by the resistance level at 0.7400. We maintain our medium-term negative outlook, but after the recent breaking through the level 0.7250, do not exclude continuation of short-term upward movement in the near future.
Nearest resistance levels: 0.7250, 0.7400, 0,7500, 0.7575, 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7120, 0.7000, 0.6840
Currencies trading and New Zealand dollar. The price of NZD/USD continued to consolidate around the level of 0.6820 after a minor price correction. In case of continued growth and fixing of quotations above this level, the growth will continue to 0,6900-0,6940. On the other hand, after the recent growth, the decline may be resumed with the objectives at 0.6720 and 0.6600. Our medium-term outlook remains negative and we expect increased volatility in the near future.
Nearest resistance levels: 0,6820, 0,6940, 0.7050, 0.7200, 0.7400
Nearest support levels: 0,6720, 0,6575, 0.6450, 0.6400, 0.6320, 0.6250