11.05.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD has broken through the inclined resistance line and at the moment is located below the level of 1.1400. Fixing the price below this mark is the basis for the continuation of the negative dynamics of prices with targets at 1.1200 and 1.1050. In case of resumption of growth, quotes will return to the level of 1.1500. Our medium-term outlook is negative.

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 corrected upwards after it failed to overcome the support at 1.4400. In case of continued rising dynamics, quotations will return to the level of 1.4500. According to our estimates, after fixing below 1.4500, quotations will be able to overcome the support at 1.4400, after which we expect the continuation of a negative price dynamics with decrease potential to 1.4180 and 1.4050. Our forecast for next week is pessimistic.

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 corrected downwards after the recent rise in prices. Within the current decline, prices may return to the important mark of 108.00, fixing above which will be the basis for continued rising dynamics with price targets at 109.75 and 111.00. Our medium-term outlook remains positive, and we expect continued growth after the current correction.

Nearest resistance levels: 109,75, 111,00, 112,15, 113.00, 114.70, 116.00

Nearest support levels: 108,00, 106,60, 105,00, 103,40, 100,00

Currencies trading and Australian dollar. The price of AUD/USD rebounded from the level of 0.7300 and at the moment corrected within the local descending trend. In the near future quotations will return to the level of 0.7400 and breaking through it will be the cause for continuation of growth to 0.7500. Our medium-term outlook remains negative with immediate objectives at 0.7240, 0.7120 and 0.7000.

Nearest resistance levels: 0.7400, 0,7500, 0.7575, 0.7700, 0,7800, 0,6000

Nearest support levels: 0.7240, 0.7120, 0.7000, 0.6840

Currencies trading and New Zealand dollar. The price of NZD/USD has shown strong growth and reached resistance at 0.6820. The breaking of this level will be the basis for further price increase with the objectives at 0,6900-0,6940. In case of continued negative dynamics, target levels will be 0.6575 and 0.6450. Our medium-term outlook remains negative.

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

Nearest support levels: 0,6760, 0,6575, 0.6450, 0.6400, 0.6320, 0.6250

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