16.06.2015 - Technical view

Currencies trading and euro. The price of EUR/USD is still consolidating within the triangle and recently showed growth within it. The signal for the continuation of the upward movement of the price will be fixing of quotations above the resistance level at 1.1375. The growth in the near future is limited by the levels of 1.1450 and 1.1500. According to our forecast in the near future the price will decrease and confirmation of the sell signal will be fixing the price below the local maximum at 1.1150. Our medium-term outlook remains negative.

Nearest resistance levels: 1.1375, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.1150, 1.1080, 1.1000, 1.0900, 1.0800, 1.0550

Currencies trading and British pound. The price of GBP/USD has shown strong growth after fixing of quotations above 1.5500 and continues to grow within the upward channel. The next upside target level in the case of saving current dynamics will be 1,5700. Within the correction, quotations may drop to 1.5500 and 1.5400. We recommend holding long positions, but our medium-term outlook remains negative.

Nearest resistance levels: 1.5700, 1.5800, 1.6000

Nearest support levels: 1.5500, 1.5400, 1.5350, 1.5200, 1.5000, 1.4700, 1.4600, 1.4500

Currencies trading and Japanese yen. The price of USD/JPY shows a low level of volatility and consolidates below the resistance level at 123.75. In case of overcoming this mark, quotes will continue to rise to 125.00. In case of continued downward movement the first target levels will be 122.50 and 121.50. Our medium-term view remains positive, but we need new signals to determine the future direction of the movement.

Nearest resistance levels: 123.75, 125.00, 128.00, 130.00

Nearest support levels: 123.00, 121.50, 120.20, 119.00, 118.50, 117.40

Currencies trading and Australian dollar. The price of AUD/USD cannot continue to fall and is consolidated within the corridor 0,7700-0,7800. For the growth with the first targets at 0.7900 and 0.8000 the price needs to break through and gain a foothold above the strong resistance level at 0.7800. According to our estimates, more likely is a continuation of downward movement in which quotes will drop to 0.7600 and then may continue to decline to 0.7500. We recommend holding short positions and maintain the medium-term negative outlook.

Nearest resistance levels: 0.7800, 0.7900, 0.8000, 0.8200, 0.8250, 0.8500

Nearest support levels: 0.7700, 0.7600, 0.7550, 0.7500, 0.7200

Currencies trading and New Zealand dollar. The price of NZD/USD is moving near the psychologically important level of 0.7000 and currently is trying to overcome and to gain a foothold above the upper limit of the downward channel. In case of success we may see a correction of the price to the level of 0.7200, but more likely is the continuation of decline of quotations in the near future. Our medium-term outlook remains negative.

Nearest resistance levels: 0.7000, 0.7080, 0.7200, 0.7260, 0.7300, 0.7400, 0.7430, 0.7500

Nearest support levels: 0.6850, 0.6700

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