27.05.2016 - Technical view

Currencies trading and euro. The price of EUR/USD broke through the upper limit of the local downward channel and reached the resistance level at 1.1200. In case of continued rising dynamics of price quotes will reach 1,1350-1,1400. It should be noted that fixing below 1.1200 is a strong signal to sell with targets at 1.1050, 1.0985 and 1.0850. Our medium-term outlook remains negative and we are waiting for a decline in the near future.

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 corrected down to a critical level of 1.4670. The breaking of this level will be the basis for the continuation of downward dynamics with targets at 1.4600 and 1.4500. Fixation higher than 1.4670 will be a signal for the further growth of quotations with objectives at 1.4850 and 1.5000. According to our estimates, quotes will continue to show increased volatility in the coming weeks.

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

Nearest support levels: 1.4670, 1.4500, 1.4400, 1.4040, 1.3840, 1.3600, 1,3500

Currencies trading and Japanese yen. The price of USD/JPY after yesterday's downward correction, has stabilized around an important level of 109.75 and fixing of price below this mark will be the basis for the continuation of negative dynamics with the objectives at 108.00 and 106.60. According to our estimates, the growth of quotations will resume with immediate objectives at 111.00 and 112.15, after which we expect a further increase up to 114.70 and 116.00. Our medium-term outlook remains positive, and today there is a high probability of increased volatility.

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 continues to consolidate below 0.7250 after broke through the upper limit of the downward channel. Overcoming and fixing of price above the level of 0.7250 will become the basis for a further increase of quotations with the targets 0.7400 and 0.7575. On the other hand, our medium-term outlook remains negative and there is a significant probability of resumption of negative dynamics with the objectives at 0.7000 and 0.6840.

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 is consolidating around the level of and 0.6720 fixation below this level will be a strong signal to sell with targets at 0.6575, 0.6450 and 0.6250. The growth in the near future is limited by the levels 0,6820-0,6850. According to our estimates, after long consolidation there is a high probability of strong price movement and the more likely is the continuation of negative dynamics. Our medium-term view remains pessimistic.

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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