22.06.2015 - Technical view
Currencies trading and euro. The price of EUR/USD continues to consolidate between the sloping line of support and resistance at 1.1400. In case of price fixing above 1.1400, we expect further growth to 1.1450 and 1.1500. On the other hand, a buy signal will be securing of quotations below the local minimum at 1.1300. Our target levels are 1.1000 and 1.0900. Our medium-term outlook remains negative, but we recommend to wait for a signal for opening short positions.
Nearest resistance levels: 1.1400, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.1300, 1.1150, 1.1080, 1.1000, 1.0900, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD could not overcome the resistance level at 1.5900 and currently is consolidating below this level. In case of breaking through it quotations will reach the psychologically important level of 1.6000. In case of trend reversal, the signal for opening of short positions will be breaking through the bottom of the channel and fixing below the support level at 1.5800. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 1.5700, 1.5800, 1.6000
Nearest support levels: 1.5500, 1.5400, 1.5350, 1.5200, 1.5000, 1.4700, 1.4600, 1.4500
Currencies trading and Japanese yen. The price of USD/JPY is located above the support level at 122.50 and continues to consolidate within the triangle. Exit of price beyond this figure will be the basis for opening new positions. So, fixing the price below 122.50, will be a signal to open short positions with the targets at 121.50 and 120.20. On the other hand, long position should be opened after overcoming the local maximum at 124.30. According to our forecasts, the price will continue to rise in the medium term.
Nearest resistance levels: 123.75, 125.00, 128.00, 130.00
Nearest support levels: 123.00, 121.50, 120.20, 119.00, 118.50, 117.40
Currencies trading and Australian dollar. The price of AUD/USD shows a slight increase, and approached the level of 0.7800. In case of further growth quotations can reach the next target at the levels 0.7900 and 0.8000. It should be noted large probability of the price decrease to 0.7600 in the near future. Our medium-term outlook remains negative and we look forward to the resumption of the downward movement of prices in the near future.
Nearest resistance levels: 0.7800, 0.7900, 0.8000, 0.8200, 0.8250, 0.8500
Nearest support levels: 0.7700, 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD is moving inside the descending channel and currently is trying to overcome the support level at 0.6900. In case of correction quotations can grow up to 0.7000 and the upper limit of the downward channel. We expect a further fall in price to the target levels at 0.6850 and 0.6600 and maintain the medium-term negative outlook.
Nearest resistance levels: 0.7000, 0.7080, 0.7200, 0.7260, 0.7300, 0.7400, 0.7430, 0.7500
Nearest support levels: 0.6850, 0.6700