22.05.2015 - Technical view
Currencies trading and euro. The price of EUR/USD is consolidating above the mark of 1.1100. Fixing the price below this support level will become a confirmation of the sell signal with the objectives at 1.0900, 1.0700 and 1.0550. At the same time, in case of growth of quotations probably will reach 1.1280, and 1.1400. According to our estimates, at the end of the trading session volatility may increase. We maintain a medium-term negative outlook.
Nearest resistance levels: 1.1200, 1.1280, 1.1400, 1.1500, 1.1620
Nearest support levels: 1.1000, 1.0900, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD after some growth along the lower boundary of the rising channel, continued to grow and reached the level of 1.5700. In case of continued growth quotations reached a local maximum at 1.5800 and then can continue to grow to the psychologically important level of 1.6000. The signal for the opening short position will be fixation below 1.5500. We maintain a negative medium-term outlook, but in the near future, we expect further growth in the near future.
Nearest resistance levels: 1.5700, 1.5800, 1.6000
Nearest support levels: 1.5500, 1.5350, 1.5200, 1.5000, 1.4700, 1.4600, 1.4500
Currencies trading and Japanese yen. The price of USD/JPY was not able to continue its growth after overcoming the level of 121.00. Now quotations decrease and in the near future may drop to the next target level of 120.20. In case of resumption of upward dynamics, quotes will continue to rise to the target level of 122.00. Our medium-term outlook remains positive.
Nearest resistance levels: 121.00, 122.00, 124.00, 125.00
Nearest support levels: 120.20, 119.00, 118.50, 117.40, 116.00, 115.00, 114.00
Currencies trading and Australian dollar. The price of AUD/USD started to correct upwards after the strong decline of the previous days. It is worth noting that within the correction, the price may rise to an inclined line of resistance, and the psychologically important level of 0.8000. On the other hand, in the short term, we expect a decrease in quotations with targets at 0.7800 and 0.7550. Our medium-term view is also negative.
Nearest resistance levels: 0.8000, 0.8200, 0.8250, 0.8500
Nearest support levels: 0.7900, 0.7800, 0.7700, 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD rebounded from the level of 0.7300 and 0.7400 and approached the mark. In case of the further growth quotations will reach the upper limit of the downward channel and then, according to our forecasts will resume falling. Growth of price is likely to continue today, but its potential is limited.
Nearest resistance levels: 0.7430, 0.7500, 0.7620, 0.7700, 0.7740, 0.7800, 0.7850
Nearest support levels: 0.7310, 0.7200, 0.7000