04.06.2015 - Technical view
Currencies trading and euro. The price of EUR/USD after correction was able to overcome the resistance level at 1.1200 and reached the target level of 1.1280. In case of continued growth the price will rise to 1,1450-1,1500, but overcoming these marks is unlikely. According to our estimates, the price decline will resume in the near future and the price will reach the target marks at 1.0700 and 1.0550. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1280, 1.1400, 1.1500, 1.1620
Nearest support levels: 1.1200, 1.1150, 1.1000, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD could not overcome the resistance level at 1.5350 and after some consolidation near this mark, resumed falling along the upper boundary of the descending channel. In case of breaking and fixing the prices above these resistance levels, quotes will continue to rise with the objectives at 1.5500 and 1.5700. On the other hand, at the moment there is a high probability of reduction of quotations to the nearest targets at 1.5300 and 1.5200. We maintain a medium-term negative outlook on the British pound.
Nearest resistance levels: 1.5350, 1.5450, 1.5500, 1.5700, 1.5800, 1.6000
Nearest support levels: 1.5200, 1.5000, 1.4700, 1.4600, 1.4500
Currencies trading and Japanese yen. The price of USD/JPY keeps consolidating near the mark of 124.00 after failed to overcome the psychologically important level of 125.00. At the moment the price is moving inside the rising channel. For the continuation of growth with objectives at 128.00 and 130.00, the price needs to gain a foothold above this mark. In case of decline, a signal to sell will be price fixing below 123,00. Our medium-term outlook remains negative.
Nearest resistance levels: 125.00, 128.00, 130.00
Nearest support levels: 123.00, 122.00, 121.00, 120.20, 119.00, 118.50, 117.40, 116.00
Currencies trading and Australian dollar. The price of AUD/USD after the strong growth to the level of 0.7800 and a consolidation has resumed falling and currently is trying to break through and overcome the level of 0.7700. More likely in the near future is the continuation of the downward movement with the first targets at 0,7550-0,7600. We maintain a medium-term negative outlook and recommend holding short positions.
Nearest resistance levels: 0.7750, 0.7800, 0.7900, 0.8000, 0.8200, 0.8250, 0.8500
Nearest support levels: 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD could not continue to grow after reaching the upper limit of the downward channel has resumed falling. The current negative trend is likely to continue in the near future to a local minimum at 0.7080 and the psychologically important mark of 0.7000. In case of a change of trend, a buy signal will be fixing the price above the level of 0.7300. Our outlook for the short term remains negative.
Nearest resistance levels: 0.7200, 0.7260, 0.7300, 0.7400, 0.7430, 0.7500, 0.7620, 0.7700
Nearest support levels: 0.7080, 0.7000