07.06.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continues its consolidation around level of 1.1370 after the strong growth of the previous days. If the price fixates above this level, the growth will continue to 1.1500 and 1.1620. In case of resumption of the negative dynamics and opening short positions with the targets at 1.1200 and 1.1050, the stop must be installed above the level of 1.1400. Our medium-term outlook remains negative and we are waiting for a decline in the near future.
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 could not fix below the support level at 1.4400 and rebounded upwards. As a result, quotations have shown rapid growth and in case of its continuation can be achieved the resistance levels 1,4670-1,4700. We expect a high level of volatility to persist 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 is still growing within the correction after rebounded from the support level at 106.40. In the near future quotations can reach the level of 108.00 and its overcoming will be the basis for continuing rising dynamics with price targets at 109.75 and 111.0. We do not exclude a rollback of price after reaching 108.00. Our medium-term outlook remains negative.
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 accelerated growth and broke through the upper limit of the local rising channel. In addition, quotes, are trying to overcome the resistance at 0.7400 and in case of success, growth will continue to 0.7575. On the other hand, there is the possibility of renewed negative dynamics and in this case it can fall to the bottom of the channel and the level of 0.7250. Our medium-term outlook remains negative.
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 could not overcome the resistance at 0.6940 and continues its consolidation below this level. After the completion of consolidation there is a high probability of strong price movement. In case of breaking through and fixation above 0.6940, the growth will continue to 0,7000-0,7050. According to our forecasts, the price will decline in the medium term.
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