28.04.2015 - Technical view
The price of EUR/USD again could not continue to grow after reaching the resistance level at 1.0900 and now is corrected downwards. In case of overcoming this level, we expect growth of quotations to 1,1000-1,1050. In the case of a fall, quotes will decrease to a sloping support line and the level of 1.0800. We maintain our medium-term negative outlook for the euro with the objectives at 1,0500-1,0550.
Nearest resistance levels: 1.0900, 1.1000, 1.1100, 1.1280, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.0800, 1.0700, 1.0500, 1.0400, 1.0100
The price of GBP/USD has broken through the important level 1.5200 and at the moment is consolidated above it. In case of fixing quotations above this level, we expect the growth to the level of 1.5350. The price correction is possible to the level of 1.5000. We maintain our medium-term negative view and a strong increase in volatility today, but in the near future we can see continued growth in prices.
Nearest resistance levels: 1.5300, 1.5350, 1.5500, 1.5550
Nearest support levels: 1.5200, 1.5000, 1.4800, 1.4700, 1.4600, 1.4500
The price of USD/JPY keeps consolidating near the level of 119.00. In case of decrease, the price can reach the strong support at 118.50, a breaking of which is unlikely. According to our forecasts, the price growth will resume in the coming days and will reach the target marks 120,00 and 121,00. Our medium-term outlook also remains positive and we recommend holding long positions with a stop below 118.50.
Nearest resistance levels: 119.50, 120.50, 122.00, 125.00
Nearest support levels: 118.50, 117.40, 116.00, 115.00, 114.00
The price of AUD/USD continues to grow along the top of the rising channel and may soon reach 0,7900. Overcoming of this strong resistance level will be the basis for the continuation of the upward movement of prices to the psychologically important mark 0.8000. In the near future price is likely to correct to the level of 0.7800, and 0.7700. We maintain our medium-term negative outlook and recommend to wait for the signal to open short positions.
Nearest resistance levels: 0.7900, 0.8000, 0.8040, 0.8200, 0.8250, 0.8360
Nearest support levels: 0.7800, 0.7700, 0.7600, 0.7500, 0.7200
The price of NZD/USD continues to grow after the rebound from the support level at 0.7550. A further increase in prices is limited by the resistance level at 0.7700. In case of change of the current dynamics, the signal for the opening short position will be breaking through the lower boundary of the rising channel and fixing the price below the local minimum at 0.7550. We expect strong price volatility in the coming days.
Nearest resistance levels: 0.7700, 0.7800, 0.7850
Nearest support levels: 0.7620, 0.7550, 0.7400, 0.7310, 0.7200, 0.7000