12.05.2015 - Technical view
Currencies trading and euro. The price of EUR/USD has shown a slight increase after consolidation near the level of 1.1130. It is worth mentioning that earlier the price broke the lower boundary of the rising channel and fixing the price below the local minimum at 1.1100 will become the basis for the continuation of a drop in prices to the levels of 1.0900, 1.0700 and 1.0550. The price growth in the near future is limited by the levels of 1.1280 and 1.1400. We expect confirmation of the signal for opening short positions and maintain the medium-term negative outlook for the euro.
Nearest resistance levels: 1.1280, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.1100, 1.1050, 1.1000, 1.0900, 1.0800, 1.0550, 1.0500
Currencies trading and British pound. The price of GBP/USD could not overcome the support level at 1.5350. Currently quotations broke through the psychologically important level at 1.5500 and fixing above it will become the basis for continued growth to 1.5810 and 1.6000. In case of correction, quotations may fall to the lower boundary of the rising channel and local support at 1.5350. We expect further growth of quotations in the near future, but maintain a medium-term negative view on the British pound.
Nearest resistance levels: 1.5600, 1.5810, 1.6000
Nearest support levels: 1.5550, 1.5500, 1.5350, 1.5200, 1.5100, 1.5000, 1.4700, 1.4600
Currencies trading and Japanese yen. The price of USD/JPY shows moderate growth, but continues to consolidate near the level of 120.00. Further increase in price is limited by the levels of 121,00 and 122,00. In the case of a fall, quotes will reach the mark 119.50, then may continue to fall to the strong support at 118.50, a breaking of which is unlikely. We expect the price growth of the pair in the medium term.
Nearest resistance levels: 121.00, 122.00, 125.00
Nearest support levels: 120.00, 119.50, 118.50, 117.40, 116.00, 115.00, 114.00
Currencies trading and Australian dollar. The price of AUD/USD is consolidated near the level of 0.7900. For the continued growth of quotations is necessary to overcome an inclined resistance line. It is worth noting that, for the continued growth of quotations is necessary to fix below 0.7800, which will be the basis for the continuation of reduction of price to 0.7700 and 0.7550. Our medium-term outlook remains negative and we are waiting for the signal for the opening short positions.
Nearest resistance levels: 0.8000, 0.8040, 0.8200, 0.8250
Nearest support levels: 0.7900, 0.7800, 0.7700, 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD rebounded from the bottom of the downward channel, but the price increase within the correction is limited by the level of resistance at 0.7400 and the upper boundary of the channel. On the other hand, we remain confident in the further drop in prices to the target level of 0.7200. We recommend to keep short positions with a stop above 0.7500 and target at 0.7200.
Nearest resistance levels: 0.7400, 0.7500, 0.7620, 0.7700, 0.7740, 0.7800, 0.7850
Nearest support levels: 0.7310, 0.7200, 0.7000