12.06.2015 - Technical view
Currencies trading and euro. The price of EUR/USD declined to the support line and in the case of its penetration will continue to decrease to the next support level at 1.1080. Fixing the quotes below this mark will confirm the signal for opening short positions with the potential reduction to 1.1000 and 1.0900. Growth of price in the near future is limited by a strong resistance level near 1,1450-1,1500. We maintain a medium-term negative outlook and recommend to wait for confirmation of the signal for opening short positions.
Nearest resistance levels: 1.1450, 1.1500, 1.1620
Nearest support levels: 1.1200, 1.1080, 1.1000, 1.0900, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD keeps consolidating near the psychologically important level of 1.5500. Fixing the price above this mark will be a signal for the continued growth to the target level of 1.5700. The fall within the correction is limited by the level of 1.5400. We assume the possibility of further growth of quotations in the near future, but the 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 the sharp decline has shown growth and returned to a strong level of 123.75. Fixing quotes below this level will confirm the signal for the opening short positions, but on the other hand more probable is the continued growth with a target at 125.00. Our medium-term outlook remains positive, but the drop is possible in the near future.
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 keeps consolidating within the range 0,7700-0,7800. For the continuation of growth quotations need to gain a foothold above the strong resistance level at 0.7800. We expect the price decline will resume soon with the first targets at 0.7600 and 0.7550. Our medium-term outlook remains negative and we recommend holding short positions.
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 has stabilized after reaching the psychologically important level of 0.7000. For overcoming this level will be needed substantial boost. At the moment the price moves along the upper boundary of the descending channel and in case of its overcoming can show growth to 0.7200 and close the gap. Our forecast on the New Zealand dollar is negative.
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