30.07.2015 - Technical view
Currencies trading and euro. The price of EUR/USD broke through the lower boundary of the local rising channel and the level of 1.1000, which will be a signal for the opening of short positions. In case of correction, quotations may return to the levels of 1.1000 and 1.1080. According to our estimates, the price will continue to decline in the near future to the target levels at 1.0800, 1.0700 and 1.0550. We maintain a medium-term negative outlook.
Nearest resistance levels: 1.1000, 1.1080, 1.1150, 1.1250, 1.1400, 1.1450, 1.1500
Nearest support levels: 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD was not able to gain a foothold above the strong resistance level at 1.5650 and started to correct downwards. Currently quotes are consolidated near the level of 1.5600 and probably will continue falling to the inclined line of support and the level of 1.5460. In the near future the price will probably be consolidated within the triangle, and then will show strong price movement. Our medium-term outlook remains negative.
Nearest resistance levels: 1.5650, 1.5700, 1.5800, 1.5900, 1.6000
Nearest support levels: 1.5550, 1.5460, 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY has broken through the upper limit of the local downward channel, and approached to the strong resistance level at 124.25. In case of overcoming this mark and breaking through the level of 124.50, we expect continued growth to the nearest target levels at 125.00 and 125.70. The fall is limited by the level of 123.00. Our medium-term outlook remains positive.
Nearest resistance levels: 124.25, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 122.50, 122.00, 121.50, 120.20, 119.00, 118.50, 117.40
Currencies trading and Australian dollar. The price of AUD/USD renewed decline after ascending correction to the level of 0.7350. According to our forecast, the price decline will continue in the near future to 0.7200 and 0.7000. Growth is possible only within the upward correction to 0.7350 and 0.7400. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7350, 0.7500, 0.7600, 0.7700, 0.7800, 0.7840, 0.7900, 0.8000
Nearest support levels: 0.7200, 0.7000
Currencies trading and New Zealand dollar. The price of NZD/USD was not able to continue the growth after reaching the upper boundary of the local rising channel and the level of resistance at 0.6700. Currently quotation corrected downwards, and in the nearest future will reach the level of 0.6600 and the bottom of the channel. In case of overcoming this marks, we forecast a price decline to 0.6500, 0.6360 and 0.6200. Our medium-term view remains negative.
Nearest resistance levels: 0.6700, 0.6800, 0.6850, 0.7000, 0.7080, 0.7200, 0.7260
Nearest support levels: 0.6600, 0.6500, 0.6360, 0.6200, 0.6000