14.08.2015 - Technical view
Currencies trading and euro. The price of EUR/USD after reaching the important resistance at 1.1200, started to adjust downwards and returned to the support level at 1.1080. Currently quotes continue to move within the corridor 1,1080-1,1200. If the price fixates above the level of 1.1200, the price will increase to 1.1400. On the other hand, confirmation of the signal to sell will be fixation of quotations below 1.1080. We maintain a medium-term negative outlook with the targets at 1.0850, 1.0700 and 1.0550.
Nearest resistance levels: 1.1200, 1.1250, 1.1400, 1.1450, 1.1500
Nearest support levels: 1.1080, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD is consolidated near the level of 1.5600 and in the case of continued growth may reach the resistance at 1.5675. Overcoming this level is unlikely. According to our forecasts, the price decline will continue in the near future with the first targets at 1.5460 and 1.5350. Today, the price will probably continue to move near the current levels. Our medium-term outlook remains negative.
Nearest resistance levels: 1.5675, 1.5700, 1.5800, 1.5900, 1.6000
Nearest support levels: 1.5550, 1.5460, 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY rebounded from the lower boundary of the rising channel and stabilized near the level of 124.50. Falling of price is limited by the lower boundary of the channel and the support level at 124.00. Overcoming these marks will be a signal for the continuation of the downward movement of price to 123.00. On the other hand, the growth of quotations is more likely in the near future to the upper boundary of the rising channel. We expect increase of price in the medium term.
Nearest resistance levels: 124.50, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 123.00, 122.00, 121.50, 120.20, 119.00, 118.50
Currencies trading and Australian dollar. The price of AUD/USD is consolidated near the upper boundary of the descending channel and below the level of 0.7400. In the case of the continuation of the downward movement, quotes will reach the local minimum near 0.7250, after which it will probably continue to decline to 0.7200 and 0.7260. To change the current negative trend to positive, the price needs to gain a foothold above 0.7500. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 0,7400, 0.7500, 0.7600, 0.7700, 0.7800, 0.7840, 0.7900
Nearest support levels: 0.7260, 0.7200, 0.7000
Currencies trading and New Zealand dollar. The price of NZD/USD continued to fall and returned to support levels near 0.6500. Breaking through and fixing of price below this mark will be the basis for the continuation of the downward movement to 0.6200 and 0.6000. We recommend to hold short positions with a stop above 0.6700 and maintain the medium-term negative outlook.
Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6850, 0.7000, 0.7080, 0.7200
Nearest support levels: 0.6500, 0.6360, 0.6200, 0.6000