19.04.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continues to grow gradually and may soon return to the strong resistance level at 1.1400. Overcoming this level will be the basis for further growth with the closest objectives at 1.1500 and 1.1620. With a further decrease in prices and breaking through support at 1.1200, quotations will drop to 1.1050 and 1.0985. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1400, 1.1450, 1.1500, 1,1620
Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD has shown strong growth and reached the upper boundary of the triangle and the level of 1.4300. In case of overcoming these levels, growth will continue to 1.4400 and 1.4500. On the other hand, there is a significant probability for the resumption of negative dynamics of price with the objectives at 1.4180 and 1.4050. We expect a continuation of the consolidation of prices and a reduction of the oscillation amplitude. Our medium-term outlook remains negative.
Nearest resistance levels: 1.4400, 1.4500, 1.4640, 1.4700, 1.4800
Nearest support levels: 1.4050, 1.3840, 1.3600, 1.3500
Currencies trading and Japanese yen. The price of USD/JPY after the recent decrease to a strong support level at 108.00 rebounded upwards and at the moment is around the level of 109.00. In case of continued growth and overcoming the local maximum at 109.75, will be completed the formation of reversal pattern, a double bottom. In such a case the target levels will be 111.00, 112.15 and 114.70. Our medium-term outlook remains positive and a decrease in the near future is limited by the support at 108.00.
Nearest resistance levels: 110.60, 111.00, 112.15, 113.00, 114.70, 116.00, 118.80, 120.20
Nearest support levels: 108.00, 106,60, 105.00, 103.00
Currencies trading and Australian dollar. The price of AUD/USD continued to rise after a minor correction and as a result of breaking the important level of 0.7700, may reach the upper limit of the rising channel. In case of continuation of the positive dynamics, target levels will be 0.7800 and 0.8000. The fall of price in the near future is limited by the level of support at 0.7575 and the lower boundary of the rising channel.
Nearest resistance levels: 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7575, 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840, 0.6800
Currencies trading and New Zealand dollar. The price of NZD/USD broke through the upper boundary of the rising channel and approached the psychologically important level of resistance at 0.7000. Overcoming and fixing above this mark may lead to further growth with the objectives at 0.7200 and 0.7400. In case of renewal of negative dynamics quotes will fall to 0.6875 and an inclined support line. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7000, 0.7200, 0.7400
Nearest support levels: 0.6900, 0.6875, 0.6600, 0.6560, 0.6450, 0.6400, 0.6320, 0.6250