28.04.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has shown increased volatility after which continued growth inside the descending channel and may reach its upper limit and the level of 1.1400. Fixing of price above this level will be the basis for continued growth with targets at 1.1500 and 1.1620. On the other hand, after reaching the upper limit of the channel, the fall is likely to resume. Our medium-term outlook remains negative and positive dynamics may change in the near future.

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 corrected downward and reached the level of 1.4500. Fixation above this level will be the basis for continued rising dynamics to 1.4640 and 1.4700. In case of continued negative dynamics, the closest target levels will be 1.4400 and 1.4180. Our forecast for the coming months remains negative, despite the possible continuation of growth in the near future.

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 after a long consolidation around the level of 111.00, and has shown a strong decline and in the near future will be able to reach the support level at 108.00. Fixation lower than this level is unlikely, but in this case the decline may continue until 106,60 and 105,00. Our medium-term outlook remains positive and we expect saving of high volatility 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 dropped to the lower boundary of the rising channel, and then started to correct upwards and in the near future may continue growth to resistance at 0.7700. On the other hand breaking through the support level at 0.7575 will be the basis for the continuation of negative dynamics of price with the objectives at 0.7500 and 0.7400. Our medium-term outlook remains negative.

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 showed an increase during which the gap was formed. As a result, quotes reached an inclined line of resistance, and can continue the upward price movement to 0.7000. A more likely scenario is the closing of the gap and continuing negative dynamics. Our medium-term outlook also remains negative.

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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