18.05.2015 - Technical view
Currencies trading and euro. The price of EUR/USD after some consolidation and a slight correction, of quotations broke through the level of 1.1400 and in the near future is likely to reach the level of 1.1500. Continued growth after reaching this level is unlikely. In case of change of trend, a sell signal will become fixing the price below the level of 1.1280 and the lower boundary of the rising channel. Our medium-term outlook remains negative and we are waiting for the signal to sell.
Nearest resistance levels: 1.1500, 1.1620
Nearest support levels: 1.1400, 1.1280, 1.1200, 1.1130, 1.1000, 1.0900, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD gradually reduced after some consolidation below the level of 1.5800. In case of further fall, we expect the price reduction to the level of 1.5500. The signal of the changing the trend will be breaking through the level of 1.5500 and the lower boundary of the rising channel. In the near future quotations may reach the psychologically important mark of 1.6000. Our medium-term outlook remains negative.
Nearest resistance levels: 1.5800, 1.6000
Nearest support levels: 1.5700, 1.5500, 1.5350, 1.5200, 1.5000, 1.4700, 1.4600, 1.4500
Currencies trading and Japanese yen. The price of USD/JPY shows a high level of volatility and continues moving inside the range 118,50-120,20. The signal for the continuation of the upward movement of the price with the objectives at 121.00 and 122.00 will become fixation of quotations above the level of 120.20. The fall in the near future is limited by a strong support level at 118.50. We keep medium-term positive outlook, but expect continued sideways movement in the near future.
Nearest resistance levels: 120.20, 121.00, 122.00, 125.00
Nearest support levels: 119.00, 118.50, 117.40, 116.00, 115.00, 114.00
Currencies trading and Australian dollar. The price of AUD/USD corrected downwards to the important level of 0.8000 and is consolidating near this mark. In case of the continuation of the downward movement and breaking through the sloping support line, we recommend to open short positions with the targets at 0.7700 and 0.7550. Increase of price in the near future is limited by the levels 0,8200-0,8250. We keep a medium-term view, but we can see continued growth in prices in the near future.
Nearest resistance levels: 0.8200, 0.8250, 0.8500
Nearest support levels: 0.8000, 0.7900, 0.7800, 0.7700, 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD continues to decline within the descending channel, and in the near future will continue to decline to the target level of 0.7400, and then may fall to the level of 0.7200. To change this negative trend, the price must be fixed above the strong resistance level at 0.7550. We expect a continuation of the price reduction in the near future.
Nearest resistance levels: 0.7500, 0.7620, 0.7700, 0.7740, 0.7800, 0.7850
Nearest support levels: 0.7400, 0.7310, 0.7200, 0.7000