15.07.2015 - Technical view
Currencies trading and euro. The price of EUR/USD yesterday has shown a sharp decline, and returned to the psychologically important level of 1.1000 and continues to consolidate near it. If the price fixates below this mark, we expect a continuation of the downward movement of price in the downward channel to the closest targets at 1.0900, 1.0700 and 1.0500, and recommend opening short positions. Within the correction quotations may grow up to 1.1200. Our medium-term negative outlook remains unchanged.
Nearest resistance levels: 1.1080, 1.1150, 1.1250, 1.1400, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.1000, 1.0900, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD after breaking through the upper boundary of the descending channel has shown steady growth and reached the resistance level at 1.5630 and may continue its upward movement up to 1.5700 in the near future. At the moment, there is a possibility of correction of quotations within the local rising channel to the level of 1.5500. We forecast increased volatility in the coming days, but the medium-term outlook remains negative.
Nearest resistance levels: 1.5700, 1.5800, 1.5900, 1.6000
Nearest support levels: 1.5630, 1.5500, 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY has broken the lower boundary of the rising local channel and consolidates around the level of 123.50. Further growth of quotations in the near future is limited by the level of 124.25, the overcoming of which will be the basis for the continuation of the upward price movement to the levels of 125.00 and 125.70. In case of resumption of the fall, the closest targets will be 122.50, 121.50 and 120.20. Our medium-term outlook remains positive.
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 continued a gradual increase within the corridor 0,7400-0,7500. In case of overcoming the level of 0.7500, we expect continued growth of quotations to the levels 0.7600 and 0.7700. On the other hand, we forecast that the price decline will resume in the near future and the price will overcome the support at 0.7400, and then will continue to decline to 0.7200. Our medium-term outlook remains negative.
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 consolidated near the level of 0.6700 and continues to move along the upper boundary of the descending channel that the price has left earlier. In case of growth, a signal for opening long positions will be fixing the price above the level of 0.6800. We expect a drop in prices to 0.6600 in the near future and maintain the medium-term negative outlook.
Nearest resistance levels: 0.6700, 0.6800, 0.6850, 0.7000, 0.7080, 0.7200, 0.7260, 0.7300
Nearest support levels: 0.6600, 0.6500, 0.6360