07.04.2016 - Technical view

Currencies trading and euro. The price of EUR/USD after the recent correction, returned to the level of 1.1400. Its overcoming will be the cause to continue the price growth to 1.1500. In case of resumption of the negative dynamics, price will drop to the lower boundary of the channel breaking through which will be the basis for opening short positions with the targets at 1.1200 and 1.1050. Our medium-term outlook remains negative, but we do not exclude the growth to the level of 1.1500.

Nearest resistance levels: 1.1400, 1.1450, 1.1500

Nearest support levels: 1.1350, 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD was not able to overcome the support level at 1.4050 and started to correct upwards. In case of continuation of the current rising dynamics and overcoming the level of 1.4180, growth may continue to 1.4320 and 1.4400. On the other hand, there is a significant likelihood of resumption of the negative dynamics, and after breaking through the support at 1.4050, drop of price may continue to 1.3840 and 1.3600. Our medium-term outlook remains negative.

Nearest resistance levels: 1.4180, 1.4400, 1.4500, 1.4640, 1.4700, 1.4800

Nearest support levels: 1.4050, 1.3840, 1.3600, 1.3500

Currencies trading and Japanese yen. The price of USD/JPY continued moderate decline after has broken the important support level at 111.00. As a result of the strong downward momentum, prices may continue falling to levels of 108.00 and 106.00. After the recent decline significantly increased the probability of an upward price rebound. Our medium-term outlook remains positive, despite the possible continuation of the current downward dynamics.

Nearest resistance levels: 110.60, 111.00, 112.15, 113.00, 114.70, 116.00, 118.80, 120.20

Nearest support levels: 108.00, 105.00, 103.00

Currencies trading and Australian dollar. The price of AUD/USD was not able to gain a foothold below the inclined line that has broken through earlier. In case of continuation of the current growth, quotations will reach the level of 0.7700, and its overcoming will become the basis for continued growth with targets at 0.7800 and 0.8000. The signal to sell in case of resumption of the fall will be fixing of price below the level of 0.7500. Our medium-term outlook remains negative.

Nearest resistance levels: 0.7700, 0,7800, 0,6000

Nearest support levels: 0.7575, 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840, 0.6800

Currencies trading and New Zealand dollar. The price of NZD/USD rebounded from the inclined support line and currently continues the growth during which the closest target levels will be 0.6875 and 0.7000. On the other hand, in case of resumption the negative dynamics and breaking through the inclined support line, the decline will continue to 0.6600 and 0.6450. We maintain our medium-term negative outlook, but the current consolidation below 0.7000 is likely to continue in the near future.

Nearest resistance levels: 0.6875, 0.6900, 0.7000

Nearest support levels: 0.6600, 0,6560, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200

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