Currencies trading and euro. The price of EUR/USD increased sharply and reached the upper boundary of the triangle. In case of overcoming the level of 1.3775, we are likely to expect continuation of growth of quotations to the levels of 1.1450 and 1.1500. On the other hand, we expect a price drop to the levels of 1.1000 and 1.0900, and the confirmation of the signal to sell will be fixing the price below the local minimum at 1.1150. We expect a drop in prices in the medium term and recommend wait for the confirmation of the signal for the opening short positions.
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 fixed above the target level of 1.5700, and continued growth inside the rising channel. The breaking of resistance at 1.5800 is the basis for further growth of quotations to the level of 1.6000. In case of correction, quotes will drop to 1.5700. We expect a decrease in prices in the medium term, but expect further growth of quotations 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 after a long consolidation has broken through the strong resistance level at 123.75, but was unable to gain a foothold above it and in the near future is likely to reach a local minimum at 122.50, after which the decline may continue to 121,50 and 120,20. Our medium-term outlook remains positive, but quotes probably will continue to decline in the near future.
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 has shown a strong increase in volatility, but after a sharp decline returned to the previous levels. For the beginning of the positive trend quotations must be secured above the strong resistance level at 0.7800. On the other hand, we with a higher probability expect a decline of quotations to 0.7600. Our medium-term view on the Australian dollar 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 decrease after the strong volatility yesterday. Taking into account fixing of the price below the psychologically important level of 0.7000, we recommend holding short positions and expect a decline of prices of to target levels 0.6850 and 0.6600. Our medium-term outlook remains negative and the correction is possible up to the level of 0.7000.
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