04.05.2016 - Technical view
Currencies trading and euro. The price of EUR/USD approached the target level of 1.1620, but failed to overcome it and started to correct downwards. As a result, the price has overcome the support at 1.1500 and in the near future may continue the negative dynamics to the inclined support line and the level of 1.1400. We do not rule out repeated testing the level of 1.1620. Our medium-term outlook remains negative.
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
Currencies trading and British pound. The price of GBP/USD has broken through the lower boundary of the local rising channel and reached the level of 1.4500 fixing below which will become a strong signal for opening short positions with the immediate objectives at 1.4400 and 1.4050. In the near future we may see a rebound with the possibility of reaching the resistance level at 1.1670. Our forecast for the next weeks remains negative.
Nearest resistance levels: 1.4670, 1.4850, 1,5000, 1,5150
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 rebounded from the level of 105.50, and as a result managed to overcome 106.60. In case of saving the current positive dynamics, the closest target will become the level of 108.00, after overcoming of which we expect the price increase to 109.75. In case of resumption of negative dynamics quotes can return to the range 105,00-105,50. Our medium-term outlook remains positive.
Nearest resistance levels: 108,00, 109,75, 111,00, 112,15, 113.00, 114.70, 116.00
Nearest support levels: 106,60, 105,00, 103,40, 100,00
Currencies trading and Australian dollar. The price of AUD/USD after breaking through the rising channel's lower border, and level of 0.7575, accelerated the fall and at the moment is trying to gain a foothold below the level 0.7500, after which the closest target levels will be 0.7400 and 0.7240. Growth in the correction is limited by the upper boundary of the local descending channel and the level 0.7575. Our medium-term outlook remains negative and we expect a fall in the near future.
Nearest resistance levels: 0.7575, 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840
Currencies trading and New Zealand dollar. The price of NZD/USD continued negative trend after tested the resistance level at 0.7050, but could not overcome it. As a result, quotes have broken through the support at 0.6940 and are currently consolidating around the level of 0.6900. In case of saving of the current negative dynamics, the closest targets will be 0.6760 and angled support line. Our medium-term outlook remains negative and the upward movement in the near future is limited by the resistance level at 0.7050. Our medium-term outlook remains negative and the current negative dynamics is likely to continue in the near future.
Nearest resistance levels: 0,6940, 0.7050, 0.7200, 0.7400
Nearest support levels: 0,6760, 0.6600, 0.6560, 0.6450, 0.6400, 0.6320, 0.6250