13.04.2016 - Technical view
Currencies trading and euro. The price of EUR/USD approached the lower boundary of the rising channel and in case of its breaking, we expect price decline to 1.1200, 1.1050 and 1.0985. On the other hand, in case of rebound from border of the channel, the closest target levels will be 1.1500 and 1.1620. Our medium-term outlook remains negative and we expect a strong price movement in the near future, after a long consolidation.
Nearest resistance levels: 1.1400, 1.1450, 1.1500, 1,1620
Nearest support levels: 1.1350, 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD demonstrated an increased level of volatility and continued growth. In the near future prices may reach the resistance at 1.4400. In the near future a more likely scenario is the reduction of price to 1.4050 and breaking through this level will be the basis for the continuation of the negative dynamics of price with the objectives at 1.3840 and 1.3600. Our forecast for the coming months is negative.
Nearest resistance levels: 1.4400, 1.4500, 1.4640, 1.4700, 1.4800
Nearest support levels: 1.4180, 1.4050, 1.3840, 1.3600, 1.3500
Currencies trading and Japanese yen. The price of USD/JPY after failing to overcome the support level at 108.00, the price broke the upper limit of the descending channel and approached the local maximum at 109.00. Overcoming this level will be a signal to buy with targets at 111.00, 112.15 and 114.70. In this case, a stop should be set below the level of 108.00. Our medium-term outlook remains positive.
Nearest resistance levels: 110.60, 111.00, 112.15, 113.00, 114.70, 116.00, 118.80, 120.20
Nearest support levels: 108.00, 106,60, 105.00, 103.00
Currencies trading and Australian dollar. The price of AUD/USD demonstrated strong growth during which reached the strong resistance level at 0.7700. Fixation above this level makes it possible to continue the rising dynamics with price targets at 0.7800 and 0.8000. At the same time, we do not exclude the possibility of price correction with the first targets at 0.7575 and 0.7500. Our medium-term outlook remains negative, despite the possible continuation of growth in the near future.
Nearest resistance levels: 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7575, 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840, 0.6800
Currencies trading and New Zealand dollar. The price of NZD/USD continued growth during which reached a local maximum near 0.6960. In order to continue growth the price needs to overcome the psychologically important level of 0.7000. In case of correction, the price will return to the inclined support line. Our medium-term outlook remains negative, and the potential for further growth declined.
Nearest resistance levels: 0.6900, 0.7000
Nearest support levels: 0.6875, 0.6600, 0,6560, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200