20.04.2016 - Technical view
Currencies trading and euro. The price of EUR/USD came close to the level of 1.1400 and in the near future will likely continue to consolidate below this level. In case of breaking through and fixing the price above this mark, we expect continued growth with potential targets at 1.1500 and 1.1620. It is worth noting that at the moment there is a high probability of resumption of the negative dynamics of price with the objectives at 1.1200, 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 broke through the inclined resistance line and continued to rise to 1.4400. In case of continued growth, the closest target level will be 1.4500, breaking through which in the coming months is unlikely. According to our forecasts, the price will decrease in the near future, and in this case, the closest target levels will be 1.4180 and 1.4050. Our forecast for the coming months remains negative with potential targets at 1.3840 and 1.3600.
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 returning to the level of 109.00, resumed falling and if it continues, quotations may reach the level of 108.00. A break and consolidation below this level will be the basis for further reducing of price to 106.60 and 105.00. The signal to buy will be fixing above the level of 109.75, and in this case, the closest target levels will be 112.15 and 114.70. Our medium-term outlook remains positive, and we are waiting for a signal to buy.
Nearest resistance levels: 109,75, 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 after reaching the resistance level at 0.7800 and the upper boundary of the rising channel, started to correct down after could not continue to grow with the potential target at 0.8000. Within the correction, the nearest target level will be 0.7700. Our medium-term outlook remains negative and current decline may continue in the short term.
Nearest resistance levels: 0,7800, 0,6000
Nearest support levels: 0.7700, 0.7575, 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840
Currencies trading and New Zealand dollar. The price of NZD/USD broke through the psychologically important level of resistance at 0.7000 and is currently trying to gain a foothold above it. In case of continued growth, the closest target level will be 0.7200. It is worth noting that at the moment there is a high probability of reducing the price to the inclined support line and level of 0.6875. Our forecast for next week remains pessimistic.
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