16.05.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continued to fall and reached the level of 1.1300. In case of correction, quotations may return to the inclined line of resistance after which breaking through may reach 1.1400. According to our estimates, quotes, the current decline will continue in the near future with the first targets at 1.1200 and 1.1050. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1400, 1.1500, 1,1620, 1,1750
Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700
Currencies trading and British pound. The price of GBP/USD after a long consolidation within the corridor 1,4400-1,4500, has broken its lower boundary, which is the basis for the continuation of the negative dynamics with the objectives at 1.4180 and 1.4040. The growth in the near future is limited by the levels of 1.4400 and 1.4500. Our forecast for next week remains negative.
Nearest resistance levels: 1.4400, 1.4500, 1.4670, 1.4850, 1,5000, 1,5150
Nearest support levels: 1.4040, 1.3840, 1.3600, 1,3500
Currencies trading and Japanese yen. The price of USD/JPY continues to consolidate near the level of 109.00. To continue the upward dynamics, quotations need to overcome the resistance at 109.75 and in this case, growth will continue to 111.00 and 112.15. On the other hand breaking through the inclined support line will be a reason for further price decline with the closest targets at 106.60 and 105.50. Our medium-term outlook remains positive.
Nearest resistance levels: 109,75, 111,00, 112,15, 113.00, 114.70, 116.00
Nearest support levels: 108,00, 106,60, 105,00, 103,40, 100,00
Currencies trading and Australian dollar. The price of AUD/USD continues to decline within the local rising channel and as a result has reached the target level of 0.7240. Overcoming this mark will be the basis for the further reduction of quotations with objectives at 0.7120 and 0.7000. Our medium-term outlook remains negative, but in case of breaking through the upper boundary of the current descending channel, quotations may correct to the mark 0.7400. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7400, 0,7500, 0.7575, 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7240, 0.7120, 0.7000, 0.6840
Currencies trading and New Zealand dollar. The price of NZD/USD after fixing below the inclined resistance line, continued negative dynamics, and at the moment is located near the important level of 0.6760. Fixation lower than this mark will be basis for further reduction with targets at 0.6575 and 0.6450. Within the correction quotations may return to 0.6820 resistance. Our medium-term outlook remains negative.
Nearest resistance levels: 0,6820, 0,6940, 0.7050, 0.7200, 0.7400
Nearest support levels: 0,6760, 0,6575, 0.6450, 0.6400, 0.6320, 0.6250