13.05.2016 - Technical view
Currencies trading and euro. The price of EUR/USD was not able to continue its growth and gain a foothold above the important level of 1.1400. As a result, quotes returned to the local minimum around the level of 1.1370 and after the breaking through it the closest targets will be 1.1200 and 1.1050. The rise in prices in the near future is limited by the psychologically important mark at 1.1500. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1400, 1.1500, 1,1620, 1,1750
Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700
Currencies trading and British pound. The price of GBP/USD continues its consolidation within the range 1,4400-1,4500. Fixing the price outside this corridor will be the basis for opening new positions. The immediate objectives in case of fall will be 1.4180 and 1.4050. A less likely scenario is a resumption of growth with the potential of reaching the levels 1,4670-1,4700. Our forecast for next week remains negative.
Nearest resistance levels: 1.4500, 1.4670, 1.4850, 1,5000, 1,5150
Nearest support levels: 1.4400, 1.4040, 1.3840, 1.3600, 1,3500
Currencies trading and Japanese yen. The price of USD/JPY was not able to continue the growth and reach the resistance at 109.75. Currently quotes are falling within the correction, and can reach the level of 108.00. According to our forecasts, the price growth will continue in the near future, to 111.00 and 112.15. Our medium-term outlook remains positive.
Nearest resistance levels: 109,75, 111,00, 112,15, 113.00, 114.70, 116.00
Nearest support levels: 108,00, 106,60, 105,00, 103,40, 100,00
Currencies trading and Australian dollar. The price of AUD/USD after price fixing below the level of 0.7400 and reaching the upper limit of the local descending channel continued to fall and in the near future will reach the target levels at 0.7240 and 0.7120. Our medium-term outlook remains negative and we expect a decrease in the near future.
Nearest resistance levels: 0.7400, 0,7500, 0.7575, 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7240, 0.7120, 0.7000, 0.6840
Currencies trading and New Zealand dollar. The price of NZD/USD was not able to overcome the inclined resistance line and the level of 0.6820. To continue the growth quotations need to overcome these levels. A more likely scenario is a continuation of the negative dynamics of price in the near future to 0.6760 and 0.6575. Our medium-term outlook remains negative.
Nearest resistance levels: 0,6820, 0,6940, 0.7050, 0.7200, 0.7400
Nearest support levels: 0,6760, 0,6575, 0.6450, 0.6400, 0.6320, 0.6250