06.05.2016 - Technical view
Currencies trading and euro. The price of EUR/USD broke through the inclined support line and reached the level of 1.1400. Fixation under it will become the basis for the continuation of the negative dynamics to 1.1200 in the near future. In case of rebound quotes can return to resistance levels at 1.1500 and 1.1620. Our medium-term outlook remains negative with the objectives at 1.0700 and 1.0850 and today is predicted increase in volatility.
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 after leaving the local descending channel has continued to fall and now is consolidating below 1.4500. Fixing of quotations below this mark will be the basis for continuation of the current dynamics with nearest objectives at 1.4400, 1.4180 and 1.4050. In case of resumption of growth, quotations may return to the strong resistance level at 1.4670. Our forecast for the nearest week remains negative.
Nearest resistance levels: 1.4500, 1.4670, 1.4850, 1,5000, 1,5150
Nearest support levels: 1.4400, 1.4050, 1.3840, 1.3600, 1,3500
Currencies trading and Japanese yen. The price of USD/JPY continues to consolidate above the level of 106.60, after rebounded from the level of 105.50. In case of continued upward dynamics, quotes will reach the levels 108.00 and 109.75. The fall in the near future is limited by the levels of 105,00-105,00. 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 continued to fall after the fixed below the level of 0.7500. As a result, quotes will reach the first target level of 0.7400 and the lower limit of the downward channel. The next upside target level in case of continued current negative trend will be 0.7240. Within the upward correction, quotations may rise to 0.7500. We expect a further fall in prices in the near future and maintain the medium-term negative outlook.
Nearest resistance levels: 0,7500, 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 to fall after for a while consolidated around the level of 0.6900. The next upside target level are 0.6760 and inclined support line. The growth in the near future is limited by the resistance at 0.6940. Our medium-term outlook remains negative.
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