27.04.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continued growth within the local descending channel, and if it continues may reach the upper limit of the channel, as well as the resistance level at 1.1400, the overcoming of which will be the basis for continued growth with targets at 1.1500 and 1.1620. This scenario is unlikely, and the fall of prices according to our estimates will resume in the near future. In this case, the closest targets will be 1.1200, 1.1050 and 1.0985. Our medium-term outlook 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 continued to rise after breaking through the important level of 1.4500 and reached the next resistance at 1.4640. The next upside target level within the growth will be 1.4700. According to our estimates, at the moment there is a possibility of a significant price correction after recent gains, with potential targets at 1.4500 and 1.4400. We forecast a drop in prices in the coming weeks, and then we can review the medium-term forecast.

Nearest resistance levels: 1.4640, 1.4700, 1.4800

Nearest support levels: 1.4500, 1.4400, 1.4050, 1.3840, 1.3600, 1.3500

Currencies trading and Japanese yen. The price of USD/JPY continued consolidation around the level of 111.00. In case of continuation of a downward correction, quotations may return to the levels of support at 109,75-110,00. In case of continued growth quotations may reach the levels 112.15 and 114.70 in the near future. Our medium-term outlook remains positive, but we do not exclude the fall of prices in the near future.

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 has shown a sharp decline, and has broken the important level of 0.7700. Given the strong downward momentum, there is a high probability of reaching the next target level of 0.7575 and the lower boundary of the rising channel. In case of correction, quotes can return to the resistance level at 0.7700. Our medium-term outlook remains negative with potential targets at 0.7400 and 0.7240.

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 is gradually increasing along the inclined line of resistance which has broken earlier. Currently quotes are consolidated near the 0.6875 level of. In case of continued negative dynamics, the price can drop to 0.6760 and the lower boundary of the rising channel. Our medium-term outlook remains negative with the objectives at 0.6450 and 0.6250.

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

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