22.04.2015 - Technical view

Currencies trading and euro. The price of EUR/USD continues to move near the level of 1.0700, after has broken the lower boundary of the local rising channel. For the continued growth with the objectives at 1.0900 and 1.1050, quotations must be fixed above the level of 1.0800. Our medium-term outlook remains negative and we expect a decline of quotations in the near future with the first target at 1.0550.

Nearest resistance levels: 1.0800, 1.1000, 1.1050, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0550, 1.0500, 1.0400, 1.0100

Currencies trading and British pound. The price of GBP/USD showed a sharp rise and approached the level of 1.5000, fixation above which will be the basis for the continuation of the upward movement of prices with targets at 1.5200 and 1.5350. On the other hand, there is a possibility of downward movement of quotations to the levels of 1.4700 and 1.4600. We maintain our medium-term negative outlook.

Nearest resistance levels: 1.5000, 1.5150, 1.5200, 1.5300, 1.5350, 1.5500, 1.5550

Nearest support levels: 1.4700, 1.4600, 1.4500

Currencies trading and Japanese yen. The price of USD/JPY stabilized near the level 119.50 after correction. Fixing the price above this mark is the reason for continued growth to 121.00 and 122.00. The fall of price the near future is limited by the support level near 118.50. We maintain our positive outlook for the medium-term and recommend holding long positions with a stop below 118.50.

Nearest resistance levels: 120.30, 121.00, 122.00, 125.00

Nearest support levels: 119.50, 118.50, 117.40, 116.00, 115.00, 114.00

Currencies trading and Australian dollar. The price of AUD/USD after several unsuccessful attempts to continue the downward movement, soared upwards and may soon reach the resistance at 0.7800. In case of continued growth, the price may rise to 0.7900 and 0.8000. Our medium-term outlook remains negative and we recommend holding short positions with the targets at 0.7550 and 0.7500.

Nearest resistance levels: 0.7800, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250

Nearest support levels: 0.7600, 0.7550, 0.7500, 0.7200

Currencies trading and New Zealand dollar. The price of NZD/USD continues to move within the local upward channel and at the moment is consolidating below the strong resistance level at 0.7700. Fixing the price above this level will be the basis for continued growth to 0.7800 and 0.7850. Signal for the opening short position will be fixing the price below 0.7620. We recommend to wait for a signal to open new positions.

Nearest resistance levels: 0.7700, 0.7800, 0.7850

Nearest support levels: 0.7620, 0.7500, 0.7400, 0.7310, 0.7200, 0.7000

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