25.05.2016 - Technical view

Currencies trading and euro. The price of EUR/USD after a long consolidation around the level of 1.1200 and reaching the upper limit of the downward channel, has started to decrease. Fixing below 1.1200, is a sell signal with the objectives at 1.1050, 1.0985 and 1.0850. In case of resumption of growth, quotations may rise to 1.1200 and 1.1400. Our medium-term outlook remains negative and we expect the fall in the coming days.

Nearest resistance levels: 1.1200, 1.1400, 1.1500, 1,1620, 1,1750

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

Currencies trading and British pound. The price of GBP/USD has shown strong growth and approached to a strong resistance level at 1.4670 and its overcoming will be the basis for further increase in price to 1.4850 and 1.5000. More likely is the resumption of the negative dynamics in the near future, but the downside is also limited. We expect increased volatility in the coming weeks, after which we can see the price increase.

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

Nearest support levels: 1.4500, 1.4400, 1.4040, 1.3840, 1.3600, 1,3500

Currencies trading and Japanese yen. The price of USD/JPY after the recent correction has resumed falling and currently quotations are above the important level of 109.75. Fixing above it will be the basis for the continuing rising dynamics with price targets at 111.00 and 112.15. The fall in the near future is limited by an inclined support line. Our medium-term outlook remains positive, despite a possible drop, which will be limited by the levels of support at 108.00 and 106.60.

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

Nearest support levels: 109,75, 108,00, 106,60, 105,00, 103,40, 100,00

Currencies trading and Australian dollar. The price of AUD/USD has shown a slight increase, but keeps moving along the upper boundary of the descending channel. Current growth within the correction may continue in the near future to the resistance at 0.7250, below which the price was fixed earlier. The closest objectives in case of continued negative dynamics are 0.7120 and 0.7000. Our medium-term outlook remains negative.

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 overcome the support level at 0.6720 and rebounded upwards. This ascending impulse may continue in the near future to the upper limit of the corridor 0,6720-0,6820. The signal to sell with the targets 0.6450 and 0.6250 will be fixation below 0.6720. Our medium-term outlook remains 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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