16.07.2015 - Technical view
Currencies trading and euro. The price of EUR/USD has returned to the descending channel after some consolidation near the level of 1.1000 has started to decline and approached the target level of 1.0900. Overcoming this mark will be the basis for the continuation of the downward movement to the next target levels at 1.0700 and 1.0500. Our medium-term outlook remains negative and correction in the near future is possible to 1.1000 and 1.1080.
Nearest resistance levels: 1.1000, 1.1080, 1.1150, 1.1250, 1.1400, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.0900, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD has reached the upper limit of the local rising channel and currently quotes are consolidated near the level of 1.5630. According to our estimates, quotations may continue to rise to 1.5700 and 1.5900 in the near future. The fall of prices in the next few days is limited by a strong level of support at 1.5350. Our medium-term outlook remains negative, but growth is likely to continue in the near future.
Nearest resistance levels: 1.5630, 1.5700, 1.5800, 1.5900, 1.6000
Nearest support levels: 1.5500, 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY continues to rise gradually after correction to the level of 123.00. For the continuation of growth quotations need to overcome the strong resistance level at 124.25 and reach the level of 125.00, and 125.70. In case of change of the current dynamics, quotations may fall to 122.50, but our medium-term outlook remains positive.
Nearest resistance levels: 124.25, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 122.50, 122.00, 121.50, 120.20, 119.00, 118.50, 117.40
Currencies trading and Australian dollar. The price of AUD/USD started to fall sharply yesterday and has broken the lower limit of the corridor 0,7400-0,7500. Currently quotations stabilized near the level of 0.7350. According to our forecast, the price decline will continue in the near future to the levels of 0.7200 and 0.7000. Our medium-term view remains negative, and growth is possible only within the descending channel.
Nearest resistance levels: 0.7400, 0.7500, 0.7600, 0.7700, 0.7800, 0.7840, 0.7900, 0.8000
Nearest support levels: 0.7200, 0.7000
Currencies trading and New Zealand dollar. The price of NZD/USD has shown a sharp drop after reaching the target level at 0.6600 and has continued to fall and reached the lower boundary of the medium-term descending channel and the psychologically important mark at 0.6500. At the moment, there is a great probability of rising price rebound to the levels of 0.6600 and 0.6700. We expect a drop in prices in the medium term, but we can see a correction in the coming days.
Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6850, 0.7000, 0.7080, 0.7200, 0.7260
Nearest support levels: 0.6500, 0.6360