02.03.2016 - Technical view
Currencies trading and euro. The price of EUR/USD after overcoming the level of 1.0900, continues to decline gradually and while maintaining the current impulse, the closest target level will be 1.0800 and breaking through this level will be the basis for further decline with targets at 1.0700 and 1.0550. Our medium-term outlook remains negative and the correction is limited by the upper limit of the downward channel.
Nearest resistance levels: 1.0900, 1.0985, 1.1050, 1.1200, 1.1350, 1,1400, 1.1450, 1.1500
Nearest support levels: 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD after the rebound from the support level at 1.3860, corrected upwards to 1.4000 and is currently consolidating below this level. A further increase is limited by the level of 1.4080. With a further price reduction to 1.3860 and breaking through this level, the decline will continue to 1.3600 and 1.3500. Our medium-term outlook remains negative.
Nearest resistance levels: 1.4000, 1.4080, 1.4365, 1.4400, 1.4500, 1.4640, 1.4700, 1.4800
Nearest support levels: 1.3860, 1.3600, 1,3500
Currencies trading and Japanese yen. The price of USD/JPY is consolidating around the level of 114.00 after showed strong growth. Confirmation of the signal for opening long positions will be fixing the price above 114.70. In this case, the target levels will be 117.00, 118.80 and 121.50. Our medium-term outlook remains positive, and possible fall in the near future is limited by the support at 111.00.
Nearest resistance levels: 114,00, 114.70, 116.00, 118.80, 120.20, 121.50, 122.30
Nearest support levels: 113.00, 111.00, 110.00
Currencies trading and Australian dollar. The price of AUD/USD showed strong growth after the rebound from the inclined support line. At the moment, quotations reached the level of 0.7240 and consolidation above it will be the basis for the continuation of positive dynamics to 0.7350 and 0.7400. On the other hand, the more likely is the resumption of the negative dynamics and confirmation of signal to sell will be fixing the price below the mark of 0.7120, which is a local minimum. The target levels in this case will be 0.7000, 0.6840 and 0.6800. Our medium-term outlook remains negative.
Nearest resistance levels: 0,7240, 0.7350, 0.7400, 0.7500
Nearest support levels: 0.7120, 0.7000, 0.6840, 0.6800, 0.6750, 0.6600
Currencies trading and New Zealand dollar. The price of NZD/USD continues to grow gradually along the lower boundary of the triangle which the price has left before. A further price increase is limited by the strong resistance at 0.6750 and more likely scenario will be the resumption of the negative dynamics of price with the closest targets at 0.6450 and 0.6350. Our medium-term outlook remains negative.
Nearest resistance levels: 0.6750, 0.6800, 0.6900, 0.7000
Nearest support levels: 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000