15.05.2015 - Technical view
Currencies trading and euro. The price of EUR/USD is consolidating near the level of 1.1400 after showed strong growth in the last days. Overcoming this level will be the basis for the continuation of the upward movement of the price to the level of 1.1500, after reaching of which the continued growth is unlikely. In case of correction, we expect a decline to 1.1130. Fixation below 1.1100, will confirm a sell signal. We maintain a medium-term negative outlook, but expect the growth to 1.1500 in the near future.
Nearest resistance levels: 1.1400, 1.1500, 1.1620
Nearest support levels: 1.1280, 1.1200, 1.1130, 1.1000, 1.0900, 1.0800, 1.0550, 1.0500
Currencies trading and British pound. The price of GBP/USD is consolidating below 1.5800. Overcoming this mark will be the basis for the continuation of the downward price movement with the potential increase up to the psychologically important level of 1.6000. On the other hand, quotations may start falling inside the rising channel and reach its lower limit. The signal for the opening short position will be fixing the price below 1.5400. Our medium-term outlook remains negative, but we expect continued growth 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 began to restore the earlier lost position after failing to continue falling and overcome support at 119.00. In the near future, the price may continue to rise to the level of 120.20. A drop in prices is limited by a strong support level at 118.50. We expect further growth of quotations to the levels of 121.00 and 122.00. Our medium-term outlook remains positive.
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 corrected after the strong growth the day before. Earlier, the quotes broke through the strong support level at 0.8000 and showed a sharp rise in the price. In the near future quotes will probably decline to the level of 0.8000, and may continue to decline to a sloping support line. Further growth is limited by the levels of 0,8200-0,8250. We maintain a medium-term negative outlook and expect the price fixing below 0.5900 to open short positions.
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 started to correct after has not been able to overcome the level of 0.7550. In the near future the price will drop to the level of 0.7400 and afterwards may keep the negative trend and drop to 0.7200. We are waiting for further signals to determine the future direction of the price movement of the New Zealand dollar.
Nearest resistance levels: 0.7500, 0.7620, 0.7700, 0.7740, 0.7800, 0.7850
Nearest support levels: 0.7400, 0.7310, 0.7200, 0.7000