04.05.2015 - Technical view

Currencies trading and euro. The price of EUR/USD has reached an important level of 1.1280, but failed to continue the growth and currently is consolidating near the level of 1.1200. In case of the continuation of the downward movement, quotes will reach the lower boundary of the rising channel and the local level of 1.1050. We maintain a medium-term negative outlook, but recommend to wait for the confirmation of the signal to open short positions.

Nearest resistance levels: 1.1200, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.1050, 1.1000, 1.0900, 1.0800, 1.0550, 1.0500, 1.0400, 1.0100

Currencies trading and British pound. The price of GBP/USD started to correct after reaching the important level of 1.5500. After some price consolidation near the level of 1.5350, the price broke through the lower boundary of the rising channel and approached the level of 1.5100. In case of the continuation of the negative dynamics quotations will reach the level of 1.5000. We expect a continuation of the current downward dynamics in the near future, but do not exclude the price correction to the level of 1.5200. Our medium-term view remains negative.

Nearest resistance levels: 1.5200, 1.5350, 1.5500, 1.5550, 1.5600

Nearest support levels: 1.5000, 1.4700, 1.4600, 1.4500

Currencies trading and Japanese yen. The price of USD/JPY has shown a steady growth after reaching the important support level at 118.50. Within the upward movement the price broke through the inclined resistance line and the level of 119.50. Fixing of quotations above the local maximum at 120.00, will be the basis for the continuation of the upward movement of the price to 121.00 and 122.00. Our medium-term outlook remains positive and we recommend holding long positions with the stop below 118.50.

Nearest resistance levels: 121.00, 122.00, 125.00

Nearest support levels: 120.00, 119.50, 118.50, 117.40, 116.00, 115.00, 114.00

Currencies trading and Australian dollar. The price of AUD/USD was unable to gain a foothold above the level of 0.8000 and started to decline. As a result of the fall, quotes, broke through the lower boundary of the rising channel and the local support level at 0.7900. Currently quotes are consolidated above 0.7800 and in case of overcoming this level will reach the marks 0.7700 and 0.7550. Our medium-term outlook remains negative and we recommend holding long positions.

Nearest resistance levels: 0.7900, 0.8000, 0.8040, 0.8200, 0.8250

Nearest support levels: 0.7800, 0.7700, 0.7600, 0.7550, 0.7500, 0.7200

Currencies trading and New Zealand dollar. The price of NZD/USD continued to fall after fixation below the important level of 0.7620. Currently quotes approached the important level of 0.7500, and if the price fixates below this mark, will continue to decline to the targets at 0.7400 and 0.7200. According to our forecast the current negative trend in prices will continue soon.

Nearest resistance levels: 0.7620, 0.7700, 0.7740, 0.7800, 0.7850

Nearest support levels: 0.7500, 0.7400, 0.7310, 0.7200, 0.7000

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