24.06.2016 - Technical view
Currencies trading and euro. The price of EUR/USD has shown a strong decline after failed to gain a foothold above the level of 1.1370. As a result of the strong decline quotations reached the target levels at 1.1050 and 1.0985. The next upside target level will be 1.0850. In case of correction after the sharp fall, prices may return to the levels of 1,1050-1,1100. Our medium-term outlook remains negative.
Nearest resistance levels: 1,0985, 1,1050, 1,1200, 1,1400, 1,1500, 1,1620, 1,1750
Nearest support levels: 1,0850, 1,0800, 1,0700, 1,0550, 1,0500
Currencies trading and British pound. The price of GBP/USD after reaching its highest level since the beginning of the year, about 1.5000, has shown a strong downward momentum within which reached the minimum values for more than 30 years. The price volatility in the near future will be increased and potential targets in case of further decline will be 1.3000 and 1.2500. In case of correction is possible rebound to 1.3600. Our outlook for the pound is negative.
Nearest resistance levels: 1.3600, 1.3840, 1.4040, 1.4500, 1.4670, 1.4850, 1,5000, 1,5150
Nearest support levels: 1,3225, 1,3000, 1,2600
Currencies trading and Japanese yen. The price of USD/JPY has shown a strong decline during which has broken through the psychologically important level at 100.00, but was unable to gain a foothold below it. In case of continued negative dynamics closest targets will be 99.00 and 97.50. On the other hand, there is the possibility of continuing price correction and return to 103,00-103,50. The drop may continue in the near future, but the medium-term outlook remains positive.
Nearest resistance levels: 108,00, 109,75, 111,00, 112,15, 113.00, 114.70, 116.00
Nearest support levels: 106,40, 105,00, 103,40, 100,00
Currencies trading and Australian dollar. The price of AUD/USD has failed to overcome an inclined resistance line and showed a sharp drop. In case of continuation of negative dynamics the closest targets will be 0.7250 and 0.7120. After a sharp fall is likely the rebound to the level of 0.7400. Our medium-term outlook remains negative and the fall is likely to continue in the near future.
Nearest resistance levels: 0.7400, 0,7500, 0.7575, 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7250, 0.7120, 0.7000, 0.6840
Currencies trading and New Zealand dollar. The price of NZD/USD reached the level of 0.7250, but failed to overcome it and at the moment shows strong decline, which may continue to 0.6940 and 0.6820. On the other hand, we do not exclude the rebound of quotations up to 0.7050. Our medium-term outlook remains negative and we expect a further decline in the near future.
Nearest resistance levels: 0.7050, 0.7200, 0.7400
Nearest support levels: 0,6940, 0,6820, 0,6720, 0,6575, 0.6450, 0.6400, 0.6320