30.04.2015 - Technical view

Currencies trading and euro. The price of EUR/USD accelerated growth and has broken through the upper boundary of the rising channel and reached the important level of 1.1200. After reaching this mark, quotations started to correct and probably will continue the downward movement of price in the near future to 1.1050. For the continuation of growth to 1.1280 and 1.1450, the price needs to gain a foothold above 1.1200. Our medium-term outlook remains negative, but we recommend waiting for the signal for the opening short positions.

Nearest resistance levels: 1.1200, 1.1280, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.1050, 1.1000, 1.0900, 1.0800, 1.0550, 1.0500, 1.0400, 1.0100

Currencies trading and British pound. The price of GBP/USD has reached the target at the mark 1.5350 and continued to grow until the next target level of 1.5500. Further growth of quotations is limited by a strong resistance level at 1.5550. We expect the beginning of price correction in the near future and recommend to fix long positions and wait for the signal for further steps.

Nearest resistance levels: 1.5500, 1.5550, 1.5600

Nearest support levels: 1.5350, 1.5200, 1.5000, 1.4700, 1.4600, 1.4500

Currencies trading and Japanese yen. The price of USD/JPY keeps consolidating above the strong support level at 118.50. The breaking of this level will become the basis for the continuation of the downward movement of prices to the level 117.40, 116.00 and 114.00. On the other hand, in case of breaking through the upper boundary of the triangle and fixation above a local maximum near 119.50, we expect further growth of quotations to the levels of 121.00 and 122.00. Our medium-term outlook remains positive and we recommend opening long positions with the stop below 118.50.

Nearest resistance levels: 119.50, 120.00, 121.00, 122.00, 125.00

Nearest support levels: 118.50, 117.40, 116.00, 115.00, 114.00

Currencies trading and Australian dollar. The price of AUD/USD has reached an important level of 0.8000 after the strong growth of quotations the day before. Currently quotes are consolidated near this level and in case of fixation above it will continue to rise to 0,8200-0,8250. At the moment there is a high probability of a downward correction of price with the targets at 0.7900 and 0.7800. Our medium-term outlook remains negative and we are waiting for the signal for the opening short positions.

Nearest resistance levels: 0.8000, 0.8040, 0.8200, 0.8250

Nearest support levels: 0.7900, 0.7800, 0.7700, 0.7600, 0.7550, 0.7500, 0.7200

Currencies trading and New Zealand dollar. The price of NZD/USD was unable to break through the strong resistance level at 0.7740 and started to decline sharply. Within the fall quotations reached a sloping support line and an important level of 0.7620. Continued downward price movement and fixation below the local maximum at 0.7550, will confirm a sell signal with the objectives at 0.7400 and 0.7200. We expect a drop in prices in the near future.

Nearest resistance levels: 0.7700, 0.7740, 0.7800, 0.7850

Nearest support levels: 0.7620, 0.7500, 0.7400, 0.7310, 0.7200, 0.7000

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