10.06.2016 - Technical view
Currencies trading and euro. The price of EUR/USD after reaching the level of 1.1400, and some consolidation around this mark, started to correct and as a result has fallen to the level of 1.1300. The next upside target levels in case of continued negative dynamics will be 1.1200 and 1.1050. In the near future is possible a correction to 1.1370. We maintain our medium-term negative outlook and expect a continuation of negative dynamics in the near future.
Nearest resistance levels: 1,1370, 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 continued to decline during which has broken through the support level at 1.4500 and with a high probability will soon reach the level of 1.4400. It is worth noting that fixation lower than this level will be the basis for further decline to 1.4180 and 1.4040. According to our estimates, in the coming weeks, the volatility will be high and we expect strong price movement in one direction or another.
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 reaching the important support level at 106.40, bounced upwards, and in the near future may continue increase within the correction. The next upside target level in this case will be 108.00, after overcoming of which growth will continue to 109.75 and 111.00. On the other hand, the fall in the near future is limited by the levels 105,00-105,50. 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 after the strong growth of the previous days and reaching the level of 0.7500, corrected down and is currently located around the level of 0.7400. A breaking of this level will be the basis for the continuation of negative dynamics of price with the potential of decrease to the local ascending channel's lower border and the support level at 0.7250. 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 corrected after showed strong gains yesterday. In the near future, prices may continue to fall to a sloping support line and close the gap. The growth in the near future is limited and more likely scenario according to our estimates, the decline will continue to 0.6940 and 0.6820. Our medium-term outlook is negative.
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