07.05.2015 - Technical view
Currencies trading and euro. The price of EUR/USD has overcome the resistance level at 1.1280 and in the near future may continue its upward movement to the level of 1.1500. In case of a change of trend, a signal to sell will be breaking through the bottom of the channel and its fixation below the local minimum at 1.1100. We maintain a negative medium-term outlook and wait for the signal to open new positions, but in the near future will probably see continued growth in prices.
Nearest resistance levels: 1.1450, 1.1500, 1.1620
Nearest support levels: 1.1280, 1.1100, 1.1050, 1.1000, 1.0900, 1.0800, 1.0550, 1.0500
Currencies trading and British pound. The price of GBP/USD continues to grow gradually after the rebound from the support level at 1.5100. In case of the continued growth quotations will reach the nearest target at 1.5350, and then may continue to rise to 1.5500. Fixing the price below 1.5100 will be the basis for opening short positions with the potential fall to 1.5000, 1.4800 and 1.4600. Our medium-term outlook remains negative, but we do not exclude the growth of prices in the near future.
Nearest resistance levels: 1.5350, 1.5500, 1.5550, 1.5600
Nearest support levels: 1.5200, 1.5100, 1.5000, 1.4700, 1.4600, 1.4500
Currencies trading and Japanese yen. The price of USD/JPY continued to decline after failed to gain a foothold above the level of 120.00. Further fall is limited by support level 118.50, a breaking of which is unlikely. Falling the price may continue in the near future, but we expect the resumption of growth in prices in the medium term and reaching the levels 121.00 and 122.00.
Nearest resistance levels: 120.00, 121.00, 122.00, 125.00
Nearest support levels: 119.50, 118.50, 117.40, 116.00, 115.00, 114.00
Currencies trading and Australian dollar. The price of AUD/USD reached the level of 0.8000 but failed to gain a foothold above it. A further increase in price is limited by the level of resistance at 0.8050. According to our forecasts, the price will decline in the near future and will drop to 0.7800 and 0.7700. Our medium-term outlook remains negative, but we do not exclude the continuation of growth to 0.8200.
Nearest resistance levels: 0.8000, 0.8040, 0.8200, 0.8250
Nearest support levels: 0.7900, 0.7800, 0.7700, 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD is consolidating near the important level of 0.7500 after the strong price decline in the last days. At the moment price may rebound to 0.7620. A more likely scenario is a continuation of falling the price to the level of 0.7400 and 0.7200. We expect the current negative dynamics of prices in the near future.
Nearest resistance levels: 0.7500, 0.7620, 0.7700, 0.7740, 0.7800, 0.7850
Nearest support levels: 0.7400, 0.7310, 0.7200, 0.7000