30.06.2015 - Technical view
Currencies trading and euro. The price of EUR/USD was not able to continue decreasing, and to overcome the important support level at 1.1000, and within the correction has returned the lost earlier positions and closed the gap. Currently quotes came back to the level of 1.1200. In the near future the volatility will be increased. Further growth is limited by the levels of 1.1300 and 1.1400. More likely is the resumption of the downward price movement with the objectives at 1.1000, 1.0900 and 1.0700.
Nearest resistance levels: 1.1200, 1.1400, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.1150, 1.1080, 1.1000, 1.0900, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD continues to consolidate within the range 1,5700-1,5800. In case of fixing of quotations below 1.5700, we recommend to open short positions with the targets at 1,5500 and 1.5350. Growth of price in the near future is limited by the levels of 1.5800 and 1.5900. Our medium-term outlook remains negative, and we are waiting for the signal for opening positions.
Nearest resistance levels: 1.5800, 1.5900, 1.6000
Nearest support levels: 1.5700, 1.5500, 1.5400, 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY has reached an important support level at 122.50 and continues to consolidate near it. If the price fixates below this mark, quotes will continue to decline to 121.50 and 120.20. It is worth noting that at the moment there is a good chance of upward price rebound up to 124,00-124,25. Our medium-term outlook remains positive.
Nearest resistance levels: 123.75, 124.25, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 122.50, 121.50, 120.20, 119.00, 118.50, 117.40
Currencies trading and Australian dollar. The price of AUD/USD rebounded from a strong support level at 0.7600 and corrected upwards to 0.7700 and the upper limit of the local downward channel. According to our estimates, quotes will continue to decrease within the descending channel in the near future and will reach the level of 0.7600. Our medium-term outlook remains negative with the targets at 0.75000 and 0.7200.
Nearest resistance levels: 0.7700, 0.7800, 0.7840, 0.7900, 0.8000, 0.8200, 0.8250, 0.8500
Nearest support levels: 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD after a minor upward correction continued to move in the downward channel. Currently quotes are about a local minimum at 0.6820, and according to our forecasts, will continue to fall to the target level at 0.6600. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.7000.
Nearest resistance levels: 0.6850, 0.7000, 0.7080, 0.7200, 0.7260, 0.7300, 0.7400, 0.7430
Nearest support levels: 0.6700, 0.6600