06.06.2016 - Technical view
Currencies trading and euro. The price of EUR/USD showed strong growth on Friday and approached the important resistance at 1.1400. In case of continued growth and breaking through this level the closest target levels will be 1.1500 and 1.1620. On the other hand, in the near future there is a high probability of price correction with the first target at 1.1200. Our medium-term outlook remains negative, despite the possibility of continued growth in the coming days.
Nearest resistance levels: 1.1400, 1.1500, 1,1620, 1,1750
Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700
Currencies trading and British pound. The price of GBP/USD dropped to the level of 1.4400 after failed to gain a foothold above the level of 1.4500. In case of resumption of rising dynamics, the first targets will be 1.4500 and 1.4670. Fixing the price below 1.4400 will be the reason for the continuation of negative dynamics to 1.4180 and 1.4040. We expect growth of volatility in the near future.
Nearest resistance levels: 1.4500, 1.4670, 1.4850, 1,5000, 1,5150
Nearest support levels: 1.4400, 1.4040, 1.3840, 1.3600, 1,3500
Currencies trading and Japanese yen. The price of USD/JPY has fallen to an important support level at 106.40, but then rebounded upwards. In case of continuation of the current correction, quotes, will return to the levels of 108.00 and 109.75. A further reduction is limited by the levels of 105,00-105,50. Our medium-term outlook remains positive, and we expect continued correction today.
Nearest resistance levels: 111,00, 112,15, 113.00, 114.70, 116.00
Nearest support levels: 109,75, 108,00, 106,40, 105,00, 103,40, 100,00
Currencies trading and Australian dollar. The price of AUD/USD has grown within the limits of local ascending channel and reached its upper limit. In the near future, quotations may correct down to the level of 0.7250 and fixing the price below this level will become a signal for the further decline with the first targets at 0.7120 and 0.7000. Our medium-term outlook remains negative, but reaching resistance at 0.7400 is a realistic scenario.
Nearest resistance levels: 0.7400, 0,7500, 0.7575, 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7250, 0.7120, 0.7000, 0.6840
Currencies trading and New Zealand dollar. The price of NZD/USD under the strong upward impulse has reached the resistance level at 0.6940, but failed to gain a foothold above it and started to correct downwards. In case of resumption of growth, the price reached the psychologically important mark at 0.7000. The current correction may continue to 0.6820. Our medium-term outlook remains negative, and volatility in the coming days will be increased.
Nearest resistance levels: 0,6940, 0.7050, 0.7200, 0.7400
Nearest support levels: 0,6820, 0,6720, 0,6575, 0.6450, 0.6400, 0.6320, 0.6250