17.06.2015 - Technical view
Currencies trading and euro. The price of EUR/USD could not overcome the level of 1.1200 and break through the lower boundary of the triangle. Currently quotes continue to be consolidated within the triangle and in case of breaking through the upper boundary near 1.1375, will continue to rise to the target marks on 1.1450 and 1.1500. According to our estimates, quotes will overcome the lower sloping boundary and fixing the price below the local minimum at 1.1150 will confirm a sell signal with the objectives at 1.1000, 1.0900 and 1.0700. The 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 after a sharp rise in volatility continued its upward movement along the upper boundary of the rising channel, and according to our estimates, will soon reach the target level of 1.5700. Within the correction price can drop to 1.5400 and the bottom of the channel. Our medium-term outlook is negative, but growth may continue in the near future.
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 continues to move within a narrow corridor below the level of resistance at 123.75. After this consolidation, we expect a strong price movement. In the case of growth the nearest targets will be 125.00 and 125.70. Within the fall the price can drop to 121.50 and 120.20. According to our forecast quotes will continue to rise in the near future and medium term.
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 decreases within the range of 0,7700-0,7800 in which it is consolidated for several days. The signal for opening long positions will be fixing the price above the level of 0.7800, but according to our estimates, the probability of a decline to 0.7600 in the near future is above average. Our medium-term outlook remains negative.
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 after exiting the descending channel continues to consolidate below the psychologically important mark on 0.7000. In case of upward correction, quotes, can grow up to 0.7200 and to close the gap. On the other hand fixation below 0.7000 will serve as a basis for the continuation of downward momentum to the levels of 0.6850 and 0.6600. Our medium-term outlook remains negative and we expect increased volatility in the coming days.
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