13.07.2015 - Technical view

Currencies trading and euro. The price of EUR/USD increased to the level of 1.1200, but was unable to continue its growth and corrected down. Currently quotes are above the support level at 1.1080. For the continuation of growth with target at 1.1400, quotations must overcome the resistance at 1.1250. In case of overcoming the support at 1.1080, we expect the reduction of price to 1.1000, 1.0900 and 1.0700. Our medium-term outlook remains negative.

Nearest resistance levels: 1.1150, 1.1250, 1.1400, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.1080, 1.1000, 1.0900, 1.0800, 1.0550

Currencies trading and British pound. The price of GBP/USD increased to the upper boundary of the descending channel and is consolidating below it. In case of overcoming the limit of the channel and fixing above the resistance at 1.5600, we expect further growth of prices up to 1.5700, 1.5800 and 1.5900. According to our forecasts, the more likely is the resumption of the downward price movement to the target levels at 1.5350 and 1.5200. Our medium-term outlook remains negative and we expect the fall of price in the near future.

Nearest resistance levels: 1.5500, 1.5600, 1.5700, 1.5800, 1.5900, 1.6000

Nearest support levels: 1.5350, 1.5200, 1.5000, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY increased to the strong angled resistance line and started to correct after was unable to overcome it. At the moment quotations are consolidated near the level of 122.50. If the price fixates above the sloping resistance line, we expect continued growth with the first targets at 124.25 and 125.00. According to our forecast, the price decline may continue in the near future to 121,50 and 120,20. Our medium-term outlook remains negative.

Nearest resistance levels: 122.00, 123.75, 124.25, 125.00, 125.70, 128.00, 130.00

Nearest support levels: 121.50, 120.20, 119.00, 118.50, 117.40

Currencies trading and Australian dollar. The price of AUD/USD continues to consolidate within the corridor 0,7400-0,7500. At the moment quotations are moving along the upper border of the descending channel. The signal for opening of long positions will be fixing the price above the level of 0.7500. On the other hand, more likely is overcoming the support level at 0.7400 and the continuation of the downward movement of the price to the level of 0.7200. We maintain a medium-term negative outlook.

Nearest resistance levels: 0.7500, 0.7600, 0.7700, 0.7800, 0.7840, 0.7900, 0.8000, 0.8200

Nearest support levels: 0.7400, 0.7200, 0.7000

Currencies trading and New Zealand dollar. The price of NZD/USD is trying to gain a foothold beyond the downward channel. In case of success, a confirmation of the signal for opening long positions will be overcoming the local maximum at 0.6800. On the other hand, at the moment there is a high probability of price reduction to the level of 0.6600. We maintain a medium-term negative outlook.

Nearest resistance levels: 0.6800, 0.6850, 0.7000, 0.7080, 0.7200, 0.7260, 0.7300, 0.7400

Nearest support levels: 0.6700, 0.6600, 0.6500, 0.6360

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