28.06.2016 - Technical view
Currencies trading and euro. The price of EUR/USD shows growth after failed to stabilize above the level of 1.0985. Currently quotes are around the level of 1.1050 and fixing of price above this level will be the basis for the continuation of the upward price movement to 1.1200. Our medium-term outlook remains negative, but we do not exclude the correction in the near future.
Nearest resistance levels: 1,1200, 1,1400, 1,1500, 1,1620, 1,1750
Nearest support levels: 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550, 1,0500
Currencies trading and British pound. The price of GBP/USD has not been able to gain a foothold below the level 1.3225 and started to correct. In case of continuation of the current upward dynamics, quotations may rise to 1.3350 and 1.3600. According to our estimates, prices drop may continue to 1.3000 and 1.2600. We forecast a decline in the medium term.
Nearest resistance levels: 1.3600, 1.3840, 1.4040, 1.4500, 1.4670, 1.4850, 1,5000, 1,5150
Nearest support levels: 1,3225, 1,3000, 1,2600
Currencies trading and Japanese yen. The price of USD/JPY continues to consolidate around the level of 102.00 after could not continue the downward price movement. In the near future the price drop is limited by the psychologically important support level at 100.00 and the inclined resistance line. In case of correction, the first targets will be 103.50 and 106.40. Our medium-term outlook remains positive.
Nearest resistance levels: 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15, 113.00
Nearest support levels: 100,00, 99,00, 98,60
Currencies trading and Australian dollar. The price of AUD/USD rebounded from the support level at 0.7320 and returned to the level of 0.7400. In case of continued growth quotations may reach the levels of 0.7500 and 0.7575. On the other hand, the more likely is the continuation of the negative dynamics of price with the potential of reaching the levels of 0.7250 and 0.7120. Our medium-term outlook remains negative.
Nearest resistance levels: 0,7400, 0,7500, 0,7575, 0,7700, 0,7800, 0,8000
Nearest support levels: 0,7320, 0,7250, 0,7120, 0,7000, 0,6840
Currencies trading and New Zealand dollar. The price of NZD/USD has not been able to break the local minimum at 0.6970 and rebounded upward. As a result, quotes reached a resistance level at 0.7050 and may continue to grow to 0,7200-0,7250. In order to continue the negative dynamics quotations must overcome the support at 0.6970 and in this case the target levels will be 0.6280 and 0.6720. Our medium-term outlook remains negative.
Nearest resistance levels: 0,7250, 0,7400, 0,7500
Nearest support levels: 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450, 0,6400, 0,6320