14.04.2016 - Technical view
Currencies trading and euro. The price of EUR/USD decreases after a long consolidation around the level of 1.1400. The reason for the fall was the breaking of the rising channel's lower border. As a result, we expect the continuation of a negative price dynamics with the first targets at 1.1200, 1.1050 and 1.0985. In case of correction, the price may rise to 1.1400. Our medium-term outlook remains negative and the probability of a decline in the near future has grown.
Nearest resistance levels: 1.1400, 1.1450, 1.1500, 1,1620
Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD after reaching the inclined resistance line, resumed falling. It should be noted that on the chart has formed a figure - the triangle, and after the price fixation beyond it, we expect a strong movement. In the near future quotations will probably fall to the support level at 1.4050 and after breaking, the closest target levels will be 1.3840 and 1.3600. Our medium-term outlook remains negative.
Nearest resistance levels: 1.4400, 1.4500, 1.4640, 1.4700, 1.4800
Nearest support levels: 1.4050, 1.3840, 1.3600, 1.3500
Currencies trading and Japanese yen. The price of USD/JPY continues to grow steadily after rebounded from the support level at 108.00 and breaking through the upper boundary of the local descending channel. The breaking of a local maximum was confirmation of the signal to buy with potential targets at 111.00, 112.15 and 114.70. In case of correction, prices may return to the level of 109.00. 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 could not continue its growth after hitting the resistance at 0.7700. As a result quotations began to decline within the correction and in the near future may fall to 0.7575 and 0.7500. In order to continue the growth, quotes need to overcome the resistance level at 0.7700. Our medium-term outlook remains negative and we expect a continuation of the negative dynamics with the objectives at 0.7400 and 0.7240 in the coming weeks.
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 has shown a sharp decline during which broke through the nearest support level at 0.6875. In the near future quotations are likely to fall to the inclined support line and its breaking will be the basis for the continuation of the negative dynamics to the lower boundary of the rising channel and the level of 0.6600. Our medium-term outlook remains negative, and growth in the near future is limited by the resistance level of 0.6950.
Nearest resistance levels: 0.6875, 0.6900, 0.7000
Nearest support levels: 0.6600, 0,6560, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200