05.05.2015 - Technical view
Currencies trading and euro. The price of EUR/USD continues to decline gradually inside the rising channel. In case of breaking through the level 1.1100 and price fixing under the lower boundary of the rising channel. We expect continuation of falling prices to the levels 1.1000, 1.0900 and 1.0700. In case of rebound from the support level and the bottom of the channel, quotes, probably will reach a local maximum at 1.1280. Our medium-term outlook remains negative and we expect the signal to open new 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 continues to consolidate above the support level of 1.5100. In case of breaking through this mark, we expect a further drop in prices to 1.5000. The growth of price in the near future is limited by resistance levels at 1.5200 and 1.5350. We maintain a negative medium-term outlook and increased price volatility at the end of the week.
Nearest resistance levels: 1.5200, 1.5350, 1.5500, 1.5550, 1.5600
Nearest support levels: 1.5100, 1.5000, 1.4700, 1.4600, 1.4500
Currencies trading and Japanese yen. The price of USD/JPY after a rapid growth has stabilized above the mark of 120.00 and will probably continue to consolidate near these levels till Thursday when on the market will return Japanese investors after a long weekend. In case of continued growth, quotations will reach the levels 121.00 and 122.00. A drop in prices is limited by the support level at 119.50 and 118.50. Our medium-term outlook remains negative.
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 broke through the support level at 0.7800, but failed to continue the downward movement and is currently shows strong growth. In case of the continuation of the upward movement, quotes will reach the level 0.8000 and may return within the ascending channel. More likely is the resumption of the downward price movement with the potential reduction to 0.7700 and 0.7550. Our medium-term outlook remains negative.
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 keeps consolidating within the range 0,7500-0,7550. In case of continued growth quotations may grow to the level of 0.7620 and 0.7700. Overcoming the level of 0.7500 will be the basis for the continuation of the downward movement of price to the levels 0.7400 and 0.7200. We expect increased volatility in the near future.
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