04.03.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD after consolidation above the level of 1.0840 started correction within which has broken through the upper limit of the downward channel, and came close to important resistance level at 1.0985. Overcoming this level will become a signal for continuing growth to 1.1050 and 1.1200. We expect the resumption of the negative dynamics in the near future.

Nearest resistance levels: 1.0985, 1.1050, 1.1200, 1.1350, 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 continues to grow after returned to the frames of the downward channel and has broken through the resistance at 1.4080. A further price increase is limited by the upper border of the channel. The current upside momentum may continue in the near future, but our medium-term outlook remains negative with a reduction potential to 1.3600 and 1.3500.

Nearest resistance levels: 1.4365, 1.4400, 1.4500, 1.4640, 1.4700, 1.4800

Nearest support levels: 1.4080, 1.4000, 1.3860, 1.3600, 1,3500

Currencies trading and Japanese yen. The price of USD/JPY corrected to the lower boundary of the local descending channel and in case of breaking through it, can continue negative dynamics to 111.00. We expect growth to continue in the near future and overcoming resistance at 114.70 will be a signal for opening long positions with the targets at 117.00, 118.80 and 121.50. Our medium-term outlook remains positive.

Nearest resistance levels: 114.70, 116.00, 118.80, 120.20, 121.50, 122.30

Nearest support levels: 114,00, 113.00, 112,00, 111.00, 110.00

Currencies trading and Australian dollar. The price of AUD/USD showed strong growth after breaking through the strong resistance level at 0.7240. The next upside target levels are 0.7400 and 0.7500. In case of correction, quotations may return to the level of 0.7240 and the lower boundary of the rising channel. Our medium-term outlook remains negative despite the likely continued rising dynamics in the near future.

Nearest resistance levels: 0.7350, 0.7400, 0.7500

Nearest support levels: 0,7240, 0.7120, 0.7000, 0.6840, 0.6800, 0.6750, 0.6600

Currencies trading and New Zealand dollar. The price of NZD/USD has reached the important level of resistance at 0.6750 and breaking through it will lead to a continuation of the upward movement of prices to the levels 0.6800 and 0.6900. It should be noted that now there is probability of the downward price correction. We forecast a drop in prices in the medium term and strong movement in the near future.

Nearest resistance levels: 0.6750, 0.6800, 0.6900, 0.7000

Nearest support levels: 0.6600, 0,6560, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000

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