24.05.2016 - ​Technicl view

Currencies trading and euro. The price of EUR/USD still consolidates near the level of 1.1200 and is currently close to the upper boundary of the local descending channel. Its breaking through will be the basis for the upward price correction to 1,1350-1,1400. If the price fixates below 1.1200, we recommend to open short positions with the targets at 1.1050 and 1.0985. Our medium-term outlook remains negative.

Nearest resistance levels: 1.1400, 1.1500, 1,1620, 1,1750

Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700

Currencies trading and British pound. The price of GBP/USD has broken the lower boundary of the local rising channel, and support level at 1.4500. In the near future the price may reach the level of 1.4400 and the inclined support line, fixing below which will become the basis for opening short positions with the targets at 1.4180 and 1.4040. We forecast increased volatility and can see a further decline in the near future.

Nearest resistance levels: 1.4500, 1.4670, 1.4850, 1,5000, 1,5150

Nearest support levels: 1.4400, 1.4040, 1.3840, 1.3600, 1,3500

Currencies trading and Japanese yen. The price of USD/JPY broke through the inclined support line and an important level of 109.75. This fact is the reason for the further reduction of quotations with closest targets at 108.00 and 106.60. In case of resumption of rising dynamics and overcoming the level of 109.75, growth will continue to 111.00 and 112.15. Our medium-term outlook remains positive, but the current negative momentum may continue in the near future.

Nearest resistance levels: 109,75, 111,00, 112,15, 113.00, 114.70, 116.00

Nearest support levels: 108,00, 106,60, 105,00, 103,40, 100,00

Currencies trading and Australian dollar. The price of AUD/USD is trying to gain a foothold below the important levels of 0.7250, which quotes broke through earlier. Now the price is moving along the upper border of the descending channel and may soon reach the marks 0.7120 and 0.7000. In case of upward correction and overcoming 0.7250, we expect further growth to 0.7400. Our medium-term outlook remains negative, but we do not rule out a correction in the near future.

Nearest resistance levels: 0.7250, 0.7400, 0,7500, 0.7575, 0.7700, 0,7800, 0,6000

Nearest support levels: 0.7120, 0.7000, 0.6840

Currencies trading and New Zealand dollar. The price of NZD/USD was not able to reach the important resistance level at 0.6820 and renewed fall within the corridor 0,6720-0,6820 and dropped to its lower border. Overcoming and fixing the price below this level will be a signal to sell with targets at 0.6450 and 0.6250. In case of rebound, quotes will return to resistance at 0.6820. Our medium-term view is negative.

Nearest resistance levels: 0,6820, 0,6940, 0.7050, 0.7200, 0.7400

Nearest support levels: 0,6720, 0,6575, 0.6450, 0.6400, 0.6320, 0.6250

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