04.04.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continued growth during which has overcome the resistance at 1.1350 and reached 1.1400. In case of continued upward dynamics, quotations may reach the psychologically important level of 1.1500. To resume the negative dynamics, the price needs to break through the lower boundary of the rising channel. In such case immediate objectives will be the levels 1.1200 and 1.1050. Our medium-term outlook remains positive, and in the near future, we expect the change in trend.

Nearest resistance levels: 1.1400, 1.1450, 1.1500

Nearest support levels: 1.1350, 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD has shown a strong decline after failed to gain a foothold above the level of 1.4400. As a result, quotations have decreased to the level of support at 1.4180, after overcoming of which will fall to 1.4050. In the near future the price may continue to consolidate, but after its completion there is a possibility of further price reduction.

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 continued to fall after some consolidation above the support level at 112.15. In the near future quotations may reach the level of 111.00, but overcoming it is unlikely. In the near future we expect to see price rebound up to 112.15, after which the price will probably reach an inclined resistance line. Our medium-term outlook remains positive.

Nearest resistance levels: 112,15, 113.00, 114.70, 116.00, 118.80, 120.20, 121.50, 122.30

Nearest support levels: 111,00, 110,60, 108,00

Currencies trading and Australian dollar. The price of AUD/USD continues to consolidate below the level of 0.7700, and overcoming this resistance level will be the basis for further growth of price with the objectives at 0.7800 and 0.8000. A signal to sell will be fixing of price below the level of 0.7575 and an inclined support line. 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, 0.6800

Currencies trading and New Zealand dollar. The price of NZD/USD declined after the recent growth during which quotes came close to the important resistance level at 0.7000. Currently the price is around the level of 0.6875 and in case of further decline, we expect reaching the level 0.6600 and the lower boundary of the rising channel. Our medium-term outlook remains 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

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