22.04.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has shown a strong rise in volatility yesterday, but in the end returned to the previous levels. In order to continue growth with the objectives at 1.1500 and 1.1620, quotations need to overcome the strong resistance level at 1.1400. On the other hand, the confirmation of the signal to sell will be fixing below the local minimum around 1.1240 and a breaking through the support at 1.1200. Our medium-term outlook remains negative and we expect increased volatility in the next week.

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 within yesterday's growth of volatility has broken through an important resistance level at 1.4400, but was unable to continue it and has resumed the negative dynamics. In the near future is possible the fall along the inclined support line. The next upside target levels are 1.4180 and 1.4050. Increasing of price in the near future is limited by resistance at 1.4400 and 1.4500. Our medium-term outlook remains negative with a potential fall to 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 corrected down after some consolidation near the level of 109.75. Fixation higher than this level will confirm a buy signal, with potential targets at 111.00 and 112.15. The decline in the near future is limited by a strong support level at 108.00. Our medium-term outlook remains positive, and we are waiting for fixation above 109.75, for opening long positions.

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 consolidation near the level of 0.7800 and the upper boundary of the rising channel, started to correct downwards and the nearest target level is 0.7700. In case of breaking through this mark, quotes will fall to 0.7575 and the lower boundary of the channel. Continued growth and reaching the psychologically important mark at 0.8000 is unlikely. Our medium-term outlook remains negative.

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 accelerated decline today and in case of continuation of negative dynamics will reach the support level at 0.6875 and inclined support line. Fixation below this level will become a signal for the further fall of price with the objectives at 0.6760 and 0.6575. Fixation above the psychologically important level of 0.7000, will become the basis for further growth with the target at 0.7200. We forecast a decrease of price in the coming weeks.

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

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