09.05.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD continues to consolidate after falling to the level of 1.1400. In case of continued negative dynamics and fixing below 1.1400, the closest target levels will be 1.1200 and 1.1050. In case of upward price rebound quotations may return up to 1.1500. Our medium-term outlook remains negative and we expect a further decline in the near future.

Nearest resistance levels: 1.1500, 1,1620, 1,1750

Nearest support levels: 1.1400, 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700

Currencies trading and British pound. The price of GBP/USD it continued to decline to the level of 1.4400 and consolidation below it will cause further reduction of quotations with the closest targets at 1.4180 and 1.4040. In case of rebound, quotations may return to the level of 1.4500. We expect a further fall in prices in the coming weeks, with the potential fall to 1.3840.

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 after correction to 106.60 resumed growth and in the near future, the first target will be 108,00. Overcoming this resistance level will be the reason for the continuing rising dynamics to 109.75 and 111.00. We do not exclude re-testing the level of 105.50 in the near future. 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: 106,60, 105,00, 103,40, 100,00

Currencies trading and Australian dollar. The price of AUD/USD has broken through the lower boundary of the descending channel and the level of 0.7400. Fixation below this level will be the basis for the further reduction of quotations to the target levels at 0.7240 and 0.7120. The correction in the near future is possible to 0.7500. Our medium-term outlook remains negative and we expect a further decline after the current upward correction.

Nearest resistance levels: 0,7500, 0.7575, 0.7700, 0,7800, 0,6000

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

Currencies trading and New Zealand dollar. The price of NZD/USD dropped to the level of support at 0.6820 and probable rebound from it with the potential of reaching 0,6900-0,6940. Fixing of quotations below 0.6820 will lead to the decline of price to 0.6760 and 0.6575. Our medium-term outlook is negative and we expect a continuation of negative dynamics in the coming weeks, despite the likelihood of correction today.

Nearest resistance levels: 0,6940, 0.7050, 0.7200, 0.7400

Nearest support levels: 0,6760, 0.6600, 0.6560, 0.6450, 0.6400, 0.6320, 0.6250

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