10.06.2015 - Technical view
Currencies trading and euro. The price of EUR/USD is consolidated near the level of 1.1280 and continues to show increased volatility. Further growth of quotations is limited by the levels of resistance at 1,1450-1,1500. Overcoming these levels is unlikely. In the near future, a drop in prices will be limited by a sloping support level. The signal for the continuation of falling of the price will be consolidation below 1.1100. We expect increased volatility in the near future and maintain the medium-term negative outlook.
Nearest resistance levels: 1.1450, 1.1500, 1.1620
Nearest support levels: 1.1280, 1.1200, 1.1100, 1.1000, 1.0900, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD has broken the upper boundary of the descending channel and now tries to gain a foothold above the local maximum at 1.5400. In case of success, we recommend to open long positions with the upside potential to 1.5500 and 1.5700. A drop in prices is limited by the level of support at 1.5200. We expect a decrease in prices in the medium term.
Nearest resistance levels: 1.5400, 1.5500, 1.5700, 1.5800, 1.6000
Nearest support levels: 1.5350, 1.5200, 1.5000, 1.4700, 1.4600, 1.4500
Currencies trading and Japanese yen. The price of USD/JPY has left the rising channel and has overcome the local minimum of about 123.75. This fact was the signal for profit-taking on long positions and the opening of new short positions with the potential fall to 121.50 and 120.20 in the near future. Despite the probable decline in prices in the near future we keep medium-term positive outlook.
Nearest resistance levels: 123.75, 125.00, 128.00, 130.00
Nearest support levels: 123.00, 121.50, 120.20, 119.00, 118.50, 117.40
Currencies trading and Australian dollar. The price of AUD/USD after the rebound from the level of 0.7600 has continued to rise and currently is consolidated near the mark 0.7700. In case of continuation of the current dynamics quotations can reach the next resistance level at 0.7800. Despite the probability of price growth in the near future, we expect a continuation of the downward movement of prices in the medium term and recommend holding short positions with a stop above 0.7800.
Nearest resistance levels: 0.7750, 0.7800, 0.7900, 0.8000, 0.8200, 0.8250, 0.8500
Nearest support levels: 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD is consolidated near the level of 0.7150 after has broken through the upper limit of the downward channel. Further price increase is limited by the resistance at 0.7200. Despite the current correction, we expect the negative dynamics of prices in the near future and recommend holding short positions with a stop above 0.7200 and the closest target at 0.7000.
Nearest resistance levels: 0.7200, 0.7260, 0.7300, 0.7400, 0.7430, 0.7500, 0.7620, 0.7700
Nearest support levels: 0.7080, 0.7000