25.06.2015 - Technical view
Currencies trading and euro. The price of EUR/USD after a sharp decline has stabilized near the level of 1.1200. In case of fixing the price below this level and continuation of the downward movement, quotes reached the first target levels at 1.1080, 1.1000 and 1.0900. Within the correction, the price may rise to 1.1300 and 1.1400, but the continuation of growth to 1.1500 is unlikely. We maintain a medium-term negative outlook.
Nearest resistance levels: 1.1400, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.1200, 1.1150, 1.1080, 1.1000, 1.0900, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD after breaking through the inclined line of support continues to fall within the local descending channel. Currently quotes are consolidated near the level of support at 1.5700 and in case of breaking this level, we recommend to open short positions with the targets at 1,5500 and 1.5350. The increase within the correction is limited by the level of 1.5800. We maintain a medium-term negative outlook on the British pound.
Nearest resistance levels: 1.5800, 1.5900, 1.6000
Nearest support levels: 1.5700, 1.5500, 1.5400, 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY started to decline after some price consolidation near the level of 124.00. In the near future quotations may fall to the level of the inclined support line. The signal for opening long positions will be the resumption of growth and fixing the price above the level of 124.25. Falling the price in the near future is limited by a strong support level at 122.50. We expect the price growth in the medium term with the first targets at 125.00 and 125.70.
Nearest resistance levels: 123.75, 124.25, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 122.50, 121.50, 120.20, 119.00, 118.50, 117.40
Currencies trading and Australian dollar. The price of AUD/USD corrected upwards after a rebound from the inclined support line. In case of further growth quotations will return to the level of resistance at 0.7800. In case of overcoming the level of 0.7700, we expect further price reduction to 0.7600. Our medium-term outlook remains negative and we expect the decline in the price in the near future.
Nearest resistance levels: 0.7800, 0.7900, 0.8000, 0.8200, 0.8250, 0.8500
Nearest support levels: 0.7700, 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD has broken through the upper limit of the downward channel, and the resistance level at 0.6900. In this regard, the quotes can continue to grow to the level of 0.7000. Despite the possibility of raising the price in the near future, we expect a further reduction of the price in the near future and in the medium term to the target level of 0.6600.
Nearest resistance levels: 0.7000, 0.7080, 0.7200, 0.7260, 0.7300, 0.7400, 0.7430, 0.7500
Nearest support levels: 0.6850, 0.6700, 0.6600