18.05.2016 - Technical view

Currencies trading and euro. The price of EUR/USD could not overcome an inclined resistance line and resumed falling. The next upside target levels in case of continuation of the negative dynamics of price will be 1.1200 and 1.1050. The breaking of angled resistance line will be the basis for a further increase of quotations to the nearest target mark at 1.1400. Our medium-term outlook remains negative.

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 after reaching the resistance level at 1.4500, started to decline and in case of continuation of negative dynamics, can reach the levels of 1.4400 and 1.4360. According to our estimates there is a possibility of decrease in quotations in the coming weeks, with potential targets at 1.4180 and 1.4040.

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 continues to consolidate around the level of 109.00 and at the moment approached the sloping support line breaking through which will stimulate further reduction of quotations to the levels of 108.00 and 106.60. In case of continued growth and fixing of price above the level of 109.75, we expect a further increase of prices to the level of 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 resumed fall of price after the recent upward correction and in the near future is likely to reach the local minimum near 0.7250. The breaking of this mark will become the reason for the continuation of negative dynamics to 0.7120 and 0.7000. Our medium-term outlook remains negative, and growth in case of a rebound is limited by a strong resistance at 0.7400.

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 corrected downward after the recent attempts to revive the positive dynamics. In case of breaking through the level of 0.6760, quotes will continue to decline to 0.6575 and 0.6450. The upward dynamics in the near future is limited by resistance near 0.6820. Our medium-term outlook remains negative.

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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