17.05.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD is consolidated near the level of 1.1300, after within the reduction reached the upper boundary of the descending channel, which quotes have left earlier. Growth of price in the near future is limited by the angled line of resistance and its breaking through will be the basis for further price increase to 1.1400. In case of continued negative dynamics, the closest target levels will be 1.1200 and 1.1050. Our medium-term outlook remains negative and we expect a rise in volatility today.

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 has grown to resistance level at 1.4500 and in case of breaking through it, can continue an upward momentum to 1.4670. A more likely scenario is the resumption of a negative price dynamics with the first target level at 1.4400. In the coming weeks, we expect the price decline to 1.4180 and 1.4040, but after the resumption of growth quotations are likely to return to the marks of 1.5000 and 1.5150.

Nearest resistance levels: 1.4500, 1.4670, 1.4850, 1,5000, 1,5150

Nearest support levels: 1.4400, 1.4040, 1.3840, 1.3600, 1,3500

Currencies trading and Japanese yen. The price of USD/JPY continued movement near the level of 109.00. The fall of price is limited by an inclined line of support and the level of 108.00, a breaking of which will be the basis for further reduction of price to 106.60 and 105.50. To continue the upward dynamics, quotations need to overcome the resistance at 109.75 and in this case the closest targets will be 111.00 and 112.15. 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 after reaching the target level of 0.7250, started to correct and broke through the upper limit of the downward channel. This fact is the reason for growth to 0.7400, fixing above which will confirm a buy signal with the objectives at 0.7500 and 0.7575. Our medium-term outlook remains negative, but we are waiting for the continuation of the current upward correction.

Nearest resistance levels: 0.7400, 0,7500, 0.7575, 0.7700, 0,7800, 0,6000

Nearest support levels: 0.7250, 0.7120, 0.7000, 0.6840

Currencies trading and New Zealand dollar. The price of NZD/USD demonstrated the volatility growth and has broken the important level of 0.6820. Fixing the price above this level will be the basis for further growth to 0,6900-0,6940. On the other hand, in case of reduction quotations will return to local minimum at 0.6720 and may continue decline to 0.6575 and 0.6450. Our medium-term outlook remains negative, but we do not exclude growth in the near future.

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

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