26.06.2015 - Technical view
Currencies trading and euro. The price of EUR/USD continues to consolidate near the level of 1.1200. In case of consolidation below this level, we recommend to open short positions with the first targets at 1.1080, 1.1000 and 1.0900. In case of upward correction, quotes will rise to 1.1300 and 1.1400. We maintain a medium-term negative outlook and recommend to wait for the confirmation of the signal for opening short positions.
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 continued its movement inside the local descending channel after breaking through the strong angled line of support. In case of upward correction, the price may rise to 1.5800 and 1.5900. On the other hand, overcoming and fixing the price below the level of 1.5700, will be a signal to open short positions with the potential drop to 1.5500 and 1.5350. Our medium-term outlook remains negative.
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 gradually reduced after it failed to extend gains above the resistance level at 124.25. In the near future quotes may fall to the level of 123.00 and 122.50. In case of resumption of upward dynamics, the first target will be the level of 124.25, after overcoming of which is possible continued growth to 125.00 and 125.70. Our medium-term outlook remains positive, and we are waiting for a signal to buy.
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 resumed its decline within the local descending channel and has returned to the support level at 0.7700. The breaking of the local resistance will be the basis for the continuation of the downward movement to 0.7600. Growth is limited by the level of 0.7800 and 0.7840. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7800, 0.7840, 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 is reduced after an unsuccessful attempt of overcoming the level of 0.6900 and now is moving along the upper boundary of the descending channel. In case of upward correction, quotes, can grow up to 0.7000, the overcoming of which will be a signal to take profits on short positions. Our medium-term outlook remains negative and we recommend holding short positions.
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