25.04.2016 - Technical view
Currencies trading and euro. The price of EUR/USD after approaching the strong support level at 1.1200, started to correct upwards and may continue growth up to the upper boundary of the local descending channel and the level of 1.1400, a breaking through which is unlikely. In case of continuation of the negative dynamics of price and fixation of quotations below 1.1200, the closest target levels will be 1.1050, 1.0985 and 1.0850. Our medium-term outlook for the euro remains negative.
Nearest resistance levels: 1.1400, 1.1450, 1.1500, 1,1620
Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD has broken through the resistance level at 1.4400 and continued growth with the potential of achieving a strong resistance level at 1.4500. Overcoming this mark according to our forecasts is unlikely. On the other hand, in case of opening short positions the stop should be set above 1.4500. Our forecast for the coming months remains negative and we look forward to the resumption of the negative dynamics in the near future.
Nearest resistance levels: 1.4500, 1.4640, 1.4700, 1.4800
Nearest support levels: 1.4400, 1.4050, 1.3840, 1.3600, 1.3500
Currencies trading and Japanese yen. The price of USD/JPY has shown strong growth after was able to gain a foothold above the level of 109.75, which was the completion of the reversal pattern - double bottom. Currently quotes are trying to gain a foothold above 111.00, after which growth is likely to continue with potential targets at 112.15, 114.70 and 117.00. The fall is limited by the levels of support at 109.75 and 108.00. Our medium-term outlook remains positive.
Nearest resistance levels: 112.15, 113.00, 114.70, 116.00, 118.80, 120.20
Nearest support levels: 111.00, 109,75, 108.00, 106,60, 105.00, 103.00
Currencies trading and Australian dollar. The price of AUD/USD after some consolidation near the resistance level at 0.7800 and the upper boundary of the rising channel, has started to decrease and reached 0.7700. In case of continued negative dynamics, the closest targets will be the level of support at 0.7575 and the lower boundary of the rising channel. Our medium-term outlook remains negative and we expect a continuation of the current negative dynamics in the near future.
Nearest resistance levels: 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7575, 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840
Currencies trading and New Zealand dollar. The price of NZD/USD shows a steady decline over the past few trading sessions, and within it was able to overcome an inclined support line and the level of 0.6875. The next target levels in case of saving the current negative trend will be 0.6760 and the lower boundary of the rising channel. Our medium-term outlook remains negative.
Nearest resistance levels: 0.6875, 0.7000, 0.7200, 0.7400
Nearest support levels: 0,6760, 0.6600, 0.6560, 0.6450, 0.6400, 0.6320, 0.6250