11.06.2015 - Technical view
Currencies trading and euro. The price of EUR/USD continues to move above the level of 1.1280. In the near future its upward movement may continue to 1,1450-1,1500. Overcoming the resistance at these levels is unlikely. The volatility of prices in the coming week will be high. We maintain a medium-term negative outlook on the euro and forecast decline with first objectives at 1.1000, 1.0900 and 1.0700, but recommend to wait for a sell signal.
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 reached the strong target level of 1.5500 and can continue its upward movement with the objectives at 1.5700 and 1.5800 in the case of fixing above 1.5500. Within the correction quotations may fall to the level of support at 1.5400 and 1.5350. In the near future, the growth of quotations may continue, but our medium-term outlook remains negative.
Nearest resistance levels: 1.5500, 1.5700, 1.5800, 1.6000
Nearest support levels: 1.5400, 1.5350, 1.5200, 1.5000, 1.4700, 1.4600, 1.4500
Currencies trading and Japanese yen. The price of USD/JPY after a strong decline has stabilized around the level of 123.00, and currently shows a slight increase, which may continue until 123.75. A drop in prices may continue in the near future, with the objectives at 121.50 and 120.20. We keep medium-term positive outlook despite the reduction of growth potential. In the near future quotes, according to our forecasts will decline.
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 showed a steady growth, but could not overcome the important resistance level at 0.7800, which indicates a lack of strength of bulls. In case of breaking and fixing above this mark, we recommend to open long positions with the stop below 0.7700 and objectives at 0.8000 and 0.8125. More likely is the resumption of the downward movement and reaching the levels of 0.7700 and 0.7600 in the near future. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7800, 0.7900, 0.8000, 0.8200, 0.8250, 0.8500
Nearest support levels: 0.7700, 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD was not able to continue its growth after reaching the important resistance level at 0.7200 and fell sharply to the psychologically important mark of 0.7000. To overcome it will be needed a strong incentive. The increase within the correction is limited by the levels of 0.7080 and 0.7200. Despite reaching the target level of, we maintain a negative outlook and recommend holding short positions with a stop above 0.7200.
Nearest resistance levels: 0.7080, 0.7200, 0.7260, 0.7300, 0.7400, 0.7430, 0.7500, 0.7620
Nearest support levels: 0.7000, 0.6850, 0.6700