10.07.2015 - Techncal view
Currencies trading and euro. The price of EUR/USD has grown to the upper limit of the downward channel, and after breaking through it can continue to grow to 1.1250. At the moment, there is the possibility of renewed downward price movement with the first targets at 1.1000, 1.0900 and 1.0700. Our medium-term outlook remains negative and we expect strong price movement on Monday.
Nearest resistance levels: 1.1150, 1.1250, 1.1400, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.1080, 1.1000, 1.0900, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD stabilized after reaching the level of 1.5350. In case of overcoming this level, we expect a continuation of the downward price movement to 1.5200. In case of return of the price within the descending channel, we expect growth to 1.5500. Our medium-term outlook is negative and we recommend holding short positions with the targets at 1,5200 and 1.5000.
Nearest resistance levels: 1.5400, 1.5500, 1.5600, 1.5700, 1.5800, 1.5900, 1.6000
Nearest support levels: 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY has overcome the level of 121.50, and continued the growth. In case of continued ascending movement, quotes will reach the level of 122.50, and the sloping resistance line. In case of resumption of price reduction, we expect achievement the levels of 120.20 and 119.00. Our medium-term outlook remains positive.
Nearest resistance levels: 122.00, 123.75, 124.25, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 121.50, 120.20, 119.00, 118.50, 117.40
Currencies trading and Australian dollar. The price of AUD/USD has broken through the upper boundary of the descending channel and returned to the important level of 0.7500. In case of breaking through, quotes can continue the upward correctional movement to 0.7600. According to our estimates, after fixing below 0.7500, the price decline will continue to the target levels at 0.7400 and 0.7200. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7500, 0.7600, 0.7700, 0.7800, 0.7840, 0.7900, 0.8000, 0.8200
Nearest support levels: 0.7400, 0.7200, 0.7000
Currencies trading and New Zealand dollar. The price of NZD/USD has broken through the upper limit of the downward channel, and the level of 0.6700 and probably will continue to rise to 0.6800. The breaking of and fixing the price above this mark will be the basis for the continuation of ascending movement up to 0.7000. According to our forecast, the price decline will resume soon and quotations will reach the target level of 0.6600. Our medium-term outlook remains negative.
Nearest resistance levels: 0.6800, 0.6850, 0.7000, 0.7080, 0.7200, 0.7260, 0.7300, 0.7400
Nearest support levels: 0.6700, 0.6600, 0.6500, 0.6360