09.06.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continued growth of quotations after overcoming the resistance at 1.1370 and as a result reached resistance at 1.1400. The closest upside target levels are 1.1500 and 1.1620. According to our estimates the potential of price reductions is limited and in case of resumption of negative dynamics the first targets will be 1.1200 and 1.1050. Our medium-term outlook remains negative, despite a possible rise 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 has fallen to the level of 1.4500, and continues to demonstrate a high level of volatility. In case of further decline quotations will return to the support level at 1.4400 and breaking through it will become the reason to continue the reduction with potential targets at 1.4180 and 1.4040. In the case of growth first targets will be 1,4670-1,4700. We expect saving of high level of volatility in the coming weeks.
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 decreases after could not continue to grow and overcome the resistance level at 108.00. Currently quotes approached the level of support at 106.40 and fixing the price below this level will be the reason for the continuation of negative dynamics to 105,00-105,50. The resumption of growth and overcoming the important level 108.00 will be a signal to buy with targets at 111.00 and 112.15. Our medium-term outlook remains positive despite the possible continuation of growth in the near future.
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 is gradually increasing along the upper border of the local rising channel after was able to overcome significant resistance levels at 0.7250 and 0.7400. The nearest resistance levels are 0.7575 and 0.7700. In case of correction, quotes will return to the level of 0.7400. Despite the likely continued growth of quotations in the near future, our medium-term outlook remains negative.
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 showed gap up and as a result has overcome the local maximum at 0.7050. Overcoming this level is the basis for continued upward movement to 0.7200 and 0.7400. On the other hand, the growth potential is limited and after a strong increase, we expect to see a correction and gap closure. Our medium-term outlook remains negative and we expect to see a correction in the near future.
Nearest resistance levels: 0.7200, 0.7400
Nearest support levels: 0.7050, 0,6940, 0,6820, 0,6720, 0,6575, 0.6450, 0.6400, 0.6320