14.05.2015 - Technical view
Currencies trading and euro. The price of EUR/USD was able to overcome the resistance level at 1.1280 and reached the next target level at 1.1380. Overcoming this mark will be the basis for further growth of quotations to the level of 1.1500. It is worth noting that at the moment the price is near the lower limit of the upward channel and can change the trend to negative. In this case, the quotes will fall to 1.1130 and fixation below will be the signal 1.1100 for opening short positions with the targets at 1,0900 and 1.0700. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1200, 1.1280, 1.1380, 1.1500, 1.1620
Nearest support levels: 1.1130, 1.1000, 1.0900, 1.0800, 1.0550, 1.0500, 1.0400, 1.0100
Currencies trading and British pound. The price of GBP/USD is gradually increasing inside the rising channel and in the near future will reach a target level of 1.5800. The growth of quotations in the near future is limited by the resistance level at 1.6000. In case of the beginning of the descending correction, quotations will drop to the marks 1.5500 and 1.5350. The breaking and fixing the price below the lower boundary of the channel and below the level of 1.5350, will become a signal to sell. We expect further growth of prices in the near future.
Nearest resistance levels: 1.5800, 1.6000
Nearest support levels: 1.5700, 1.5500, 1.5350, 1.5200, 1.5000, 1.4700, 1.4600, 1.4500
Currencies trading and Japanese yen. The price of USD/JPY accelerated the decline that began after a failed attempt of breaking through the level 120.20. Currently quotations are consolidated above the mark of 119.00. In case of further decline, the price will drop to the strong support level at 118.50. We maintain a medium-term negative outlook with the upside potential to 121.00 and 122.00, but do not exclude fall of quotations in the near future.
Nearest resistance levels: 120.20, 121.00, 122.00, 125.00
Nearest support levels: 119.00, 118.50, 117.40, 116.00, 115.00, 114.00
Currencies trading and Australian dollar. The price of AUD/USD shows steady growth after breaking through the psychologically important 0.8000 level of. The growth of quotations in the near future may continue to the target levels 0,8200-0,8250. On the other hand, in case of correction, quotes will return to the support level at 0.8000. In the near future the price growth is likely to continue, but our medium-term outlook remains negative.
Nearest resistance levels: 0.8200, 0.8250, 0.8500
Nearest support levels: 0.8000, 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 shows steady growth after breaking the upper limit of the downward channel. Within the growth, the price has reached an important level of 0.7500, and has overcome it. The next upside target level will be 0.7620 and 0.7740 the probability of achieving of which is the above average. We expect continued growth in the near future.
Nearest resistance levels: 0.7620, 0.7700, 0.7740, 0.7800, 0.7850
Nearest support levels: 0.7500, 0.7400, 0.7310, 0.7200, 0.7000