29.04.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD continued strong growth during which was able to overcome the upper boundary of the descending channel and the level of resistance at 1.1400. If the price is above this level, growth may continue to 1.1500 and 1.1620. On the other hand, given the strong growth in the previous days and approaching the resistance level at 1.1400, there is a great probability of a downward price correction in the near future. 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 after correction within the local rising channel fixed above the level of 1.4500 and in the near future may continue the upward momentum with targets at 1.4800 and 1.5000. In case of changing of the current trend to negative, a signal to sell will be breaking through the bottom of the channel and the level of 1.4500. Our medium-term outlook remains negative, but in the short term, growth is likely to continue.

Nearest resistance levels: 1.4640, 1.4700, 1.4800, 1,5000

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 to fall after a strong downward momentum, which started yesterday. As a result, quotations were able to overcome the support level at 108.00. This factor is the basis for the continuation of the negative dynamics with nearest objectives at 106.60 and 105.00. Our medium-term outlook remains positive, but the current drop is likely to continue 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 continued to rise after has rebounded from the rising channel's lower boundary and the support level at 0.7575. Fixation lower than these levels will confirm the sell signal with the potential of fall to 0.7400 and 0.7240. Current growth may continue in the near future, with the potential of reaching 0.7700 and 0.7800. 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 continued the growth during which approached the psychologically important level of resistance at 0.7000. Fixation higher than this mark will be the basis for the continued rising dynamics with price targets at 0.7200. Our medium-term outlook remains negative and we expect a soon resumption of the negative dynamics with the fall potential to 0.6760 and 0.6600.

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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