08.04.2016 - Technical view
Currencies trading and euro. The price of EUR/USD after failing to overcome the level of 1.1400, slightly decreased and continues to consolidate below this level. In the case of continued growth inside the rising channel, quotations may reach the level of 1.1500. Fixing the price beyond the ascending channel and below the level of 1.1350, will be the basis for the continuation of the negative dynamics of prices with the objectives at 1.1200 and 1.1050. Our medium-term outlook remains negative with a potential fall to 1.0700 and 1.0550.
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 continues to try to overcome the support level at 1.4050, and fix below it. If successful, the decline will continue within the frames of local descending channel, with potential targets at 1.3840 and 1.3600. In case of breaking through the upper boundary of the local descending channel, quotes can grow up to 1.4180 and 1.4400. 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 after reaching the level of 108.00 has jumped upwards and may reach the upper limit of the local downward channel. In case of further reduction immediate objectives will be 106.60 and 105.00. If case of the price return to the descending channel, which the price has left previously, growth may continue to 112.15 and the upper limit of the channel. Our medium-term outlook remains positive, despite the effort to overcome the growth in the near future.
Nearest resistance levels: 110.60, 111.00, 112.15, 113.00, 114.70, 116.00, 118.80, 120.20
Nearest support levels: 108.00, 106,60, 105.00, 103.00
Currencies trading and Australian dollar. The price of AUD/USD continued to fall and reached the support level at 0.7500. Fixing the price below this level will be the basis for the continuation of the negative dynamics of price with the objectives at 0.7400 and 0.7240. The growth potential in the near future is limited by the resistance level at 0.7700. Our medium-term outlook remains negative and we expect a fall in the near future.
Nearest resistance levels: 0.7575, 0.7700, 0,7800, 0,6000
Nearest support levels: 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 could not continue to grow after the rebound from the inclined support line. Currently quotations returned to the given line and fixing below it will become the basis for the continuation of the negative dynamics of price with targets at 0.6600 and 0.6450. Our medium-term outlook remains negative and the potential growth is limited by the psychologically important level of resistance at 0.7000.
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