23.04.2015 - Technical view
Currencies trading and euro. The price of EUR/USD gradually decreases after failing to overcome the 1.0800 level of and will soon reach the level of 1.0650 and 1.0550. The growth of quotations in the near future is limited by resistance levels at 1.0900 and 1.1050. Our medium-term outlook remains negative and we recommend holding short positions with the potential drop to 1.0500 and 1.0400.
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 after descending correction resumed growth and has overcome the psychologically important level of 1.5000. Fixing above this mark will be the basis for opening long positions with targets at 1.5200 and 1.5350. In case of resumption of downward movement, quotes will fall to the level of 1.4800 and 1.4600. We maintain our medium-term negative outlook, but the growth price may continue in the near future.
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 continues to grow gradually along the inclined line of resistance. The reason for the continued growth was the fixing the price above 119.50. According to our forecasts, the growth of quotations will continue in the near future to 120.30, 121.00 and 122.00. Falling is limited by the levels of support at 119.50 and 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 keeps consolidating within the corridor 0,7700-0,7800. In case of overcoming the resistance at 0.7800, quotes will continue to rise up to 0.7900. On the other hand, fixing the price below the level of 0.7700, will be the basis for the continuation of a downward movement with the objectives near 0.7550. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.7900.
Nearest resistance levels: 0.7800, 0.7900, 0.8000, 0.8040, 0.8200, 0.8250
Nearest support levels: 0.7700, 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD after consolidation near the level of 0.7700, started to decline and has broken the important support level at 0.7620. This fact gives reason to expect a decrease in quotations to 0.7500 and 0.7400. We recommend to open short positions with a stop above 0.7740 and target at 0.7200. To determine the medium-term price direction we need additional signals.
Nearest resistance levels: 0.7620, 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7500, 0.7400, 0.7310, 0.7200, 0.7000