04.02.2016 - Technical view

Currencies trading and euro. The price of EUR/USD showed strong growth during which broke through the upper boundary of the channel 1,0800-1,0985 within which adjusted for a considerable time. As a result, the quotations overcame the level of 1.1050 and reached the level of 1.1150. The next upside target level in case of saving the growth will be 1.1200, and then rising dynamics may continue to 1.1400. After strong growth, we can see the price correction. Our medium-term outlook remains negative, but the current growth may continue in the near future.

Nearest resistance levels: 1.1200, 1.1350, 1.1450, 1.1500, 1.1750

Nearest support levels: 1.1080, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550, 1.0500

Currencies trading and British pound. The price of GBP/USD broke through the upper boundary of the rising channel and the level of 1.4500 and then continued upward movement to 1.4640. Currently quotes corrected to the level of 1.4600 and may continue descending dynamics to 1.4500. In case of continued growth is possible an increase of price to 1.4800. Our medium-term outlook remains negative, despite the recent growth.

Nearest resistance levels: 1.4600, 1.4700, 1.4800, 1.5000, 1.5200

Nearest support levels: 1.4500, 1.4400, 1.4365, 1.4080, 1.4000, 1.3860, 1.3600

Currencies trading and Japanese yen. The price of USD/JPY after breaking through the local ascending channel's lower border continued to fall and reached the level of 117.00. Currently quotations are consolidating near 118.00. The fall in the near future is limited by the levels of support at 116.00 and 117.00. We expect growth in the medium term, despite a possible drop in the near future.

Nearest resistance levels: 118.80, 120.20, 121.50, 122.30, 123.60

Nearest support levels: 117.00, 116.50, 116.00, 115.00

Currencies trading and Australian dollar. The price of AUD/USD showed strong growth inside the rising channel and reached its upper limit. As a result, quotations reached the level of 0.7180 and fixation above this mark will be the basis for continued growth to 0.7350. At the moment, there is a high probability of a downward correction of prices with the first target at 0.7050. Our medium-term outlook remains negative and we expect a drop in prices today.

Nearest resistance levels: 0.7180, 0.7350, 0.7400, 0.7500

Nearest support levels: 0.7050, 0.6840, 0.6800, 0.6750, 0.6600

Currencies trading and New Zealand dollar. The price of NZD/USD has shown a strong growth and broke through the important level of 0.6600. As a result, quotations reached the next target mark at 0.6700, but could not overcome it. In the near future, growth is limited by the levels of resistance at 0.6800 and 0.6885. We forecast a drop in prices in the medium term and the potential of the current growth is limited.

Nearest resistance levels: 0.6700, 0.6800, 0.6900, 0.7000

Nearest support levels: 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000

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