05.08.2015 - Technical view
Currencies trading and euro. The price of EUR/USD accelerated the fall and has broken through the support level at 1.0900 and continued to decline. In this regard, we expect a high probability of further reduction in the price to 1.0800 in the near future. The upward correction is limited by the level of 1.1000. We expect a further fall in prices in the near future and in the medium term to the target levels at 1.0700 and 1.0550.
Nearest resistance levels: 1.0900, 1.1000, 1.1080, 1.1150, 1.1250, 1.1400, 1.1450, 1.1500
Nearest support levels: 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD has broken through the lower boundary of the triangle and the level of local minimum at 1.1550. This fact gives the signal for the continuation of a price drop to 1.5460 and 1.5350 in the near future. Growth of price within the correction is limited by resistance at 1.5675. We recommend to open short-term short positions and maintain medium-term a negative outlook.
Nearest resistance levels: 1.5550, 1.5675, 1.5700, 1.5800, 1.5900, 1.6000
Nearest support levels: 1.5460, 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY rebounded from the lower boundary of the rising channel and has broken through the local resistance line and then reached the resistance at 124.50. Breaking of this level and consolidation above it will be the basis for further growth of price to 125.00 and 125.70. The downward correction of price is limited by the level of support at 123.00. We expect the price growth in the medium term and in the near future.
Nearest resistance levels: 124.25, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 122.50, 122.00, 121.50, 120.20, 119.00, 118.50, 117.40
Currencies trading and Australian dollar. The price of AUD/USD after a strong growth has reached the upper boundary of the downward channel, but could not overcome it and resumed falling as a result of which returned to the important level of 0.7350. The breaking of this level will become the basis for the continuation of the fall to the target marks of 0.7200 and 0.7000. We maintain a medium-term negative outlook and recommend holding short positions.
Nearest resistance levels: 0.7500, 0.7600, 0.7700, 0.7800, 0.7840, 0.7900, 0.8000
Nearest support levels: 0.7350, 0.7200, 0.7000
Currencies trading and New Zealand dollar. The price of NZD/USD after fixing below 0.6600 accelerated decline and approached the local minimum at 0.6500. Breaking through this mark will be the basis for the further drop in prices up to 0.6200 and 0.6000. In case of a rebound, quotes will rise to 0.6600. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6850, 0.7000, 0.7080, 0.7200, 0.7260
Nearest support levels: 0.6500, 0.6360, 0.6200, 0.6000