08.06.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continues to consolidate near the resistance level at 1.1370. If the price fixates above this level, the growth will continue to 1.1500 and 1.1620. On the other hand, in case of resumption of the negative dynamics, the closest target levels will be 1.1200 and 1.1050. Our medium-term outlook remains negative.
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 continues to show a high level of volatility. The growth of quotations in the near future is limited by resistance levels at 1,4670-1,4700. On the other hand, the nearest support levels are 1.4400 and 1.4500. We expect increased volatility in the coming weeks after which quotations will probably leave the limits of the range 1,4400-1,4700.
Nearest resistance levels: 1.4670, 1.4850, 1,5000, 1,5150
Nearest support levels: 1.4500, 1.4400, 1.4040, 1.3840, 1.3600, 1,3500
Currencies trading and Japanese yen. The price of USD/JPY was not able to continue its growth and overcome the resistance at 108.00. In case of continued upward price movement, and fixing above 108.00, we recommend to open long positions with a stop below 106.40 and the first targets at 109.75 and 111.00. The fall in the near future is limited by the levels of 106.40 and 105.00. Our medium-term outlook remains positive.
Nearest resistance levels: 108,00, 109,75, 111,00, 112,15, 113.00, 114.70, 116.00
Nearest support levels: 106,40, 105,00, 103,40, 100,00
Currencies trading and Australian dollar. The price of AUD/USD continued increase after overcoming the level of 0.7400 and may soon reach the levels of 0.7500 and 0.7575. In case of resumption of the negative dynamics and returning within the ascending channel, quotes will reach its lower boundary and may continue the decline to 0.7250. Our medium-term outlook remains negative and the potential growth in the near future, according to our estimates is limited.
Nearest resistance levels: 0,7500, 0.7575, 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7400, 0.7250, 0.7120, 0.7000, 0.6840
Currencies trading and New Zealand dollar. The price of NZD/USD after a minor correction, renewed growth and was able to overcome the resistance level at 0.6940. As a result, prices may reach the level of 0.7050 in the near future. According to our forecasts, after strong growth in previous days, there is a high probability of a downward correction with reduction potential to 0.6820. Our medium-term outlook is negative.
Nearest resistance levels: 0.7050, 0.7200, 0.7400
Nearest support levels: 0,6940, 0,6820, 0,6720, 0,6575, 0.6450, 0.6400, 0.6320, 0.6250