13.05.2015 - Technical view
Currencies trading and euro. The price of EUR/USD corrected upwards to the level of 1.1280, and at the moment continues to consolidate near this mark. In case of further growth quotations will reach the level of 1.1400, and then can continue to rise to the level of 1.1500. In case of renewal of negative dynamics, the price will decline to the level of 1.1100. Fixing below this level will become a signal to sell with targets at 1.0900, 1.0700 and 1.0550. We maintain a medium-term negative outlook and are waiting for the signal to open short positions.
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 stabilized near the level of 1.5700 and in the near future will likely continue to rise to the target level of 1.5800. In the near future the upward price movement may continue until the psychologically important mark of 1.6000. In case of correction, quotes will drop to the level of 1.5500 and 1.5350. The signal for a change of the current upward trend to the negative will be fixation of price below the level at 1.5350. We expect continued growth in the near future.
Nearest resistance levels: 1.5500, 1.5550, 1.5600
Nearest support levels: 1.5350, 1.5200, 1.5100, 1.5000, 1.4700, 1.4600, 1.4500
Currencies trading and Japanese yen. The price of USD/JPY has not overcome the level of the local maximum at 120.20, and began to decline. Currently quotes are consolidated near the level of 120.00, and may continue to decline to 119.00 and 118.50. According to our forecasts, the growth of quotations will continue in the medium term, but in the near future, the price will probably be consolidated within the range 118,50-121,00.
Nearest resistance levels: 120.00, 121.00, 122.00, 125.00
Nearest support levels: 119.50, 118.50, 117.40, 116.00, 115.00, 114.00
Currencies trading and Australian dollar. The price of AUD/USD after consolidation near the level of 0.7900 reached an inclined support line and rebounded from it. At the moment, the price has reached the level of 0.8000, and fixing the price above this level will be the basis for further growth of quotations to 0.8200 and 0.8250. On the other hand, fixing the quotations below 0.7900 will be a signal to sell with the targets at 0.7800 and 0.7550. Our medium-term outlook remains negative.
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 corrected upwards to the level of 0.7400, and approached the upper boundary the downward channel. According to our estimates, the price decline will continue in the near future and quotations will reach the level of 0.7200. On the other hand, breaking through the upper boundary of the descending channel will become the basis for continued growth with the first targets 0,7500-0,7550. Our short-term outlook for the New Zealand dollar remains negative and we recommend holding short positions with the 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