05.02.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continued growth after overcoming the resistance levels at 1.0985 and 1.1050. As a result, the price reached the resistance level at 1.1200. In case of continued growth, quotations may reach the mark 1.1400. At the moment, the price has stabilized around 1.1200. After strong growth there is a possibility of correction with the downside potential at 1.1080. Our medium-term outlook remains negative, but we do not exclude the continuation of growth 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 reached the level of 1.4640, and after an unsuccessful attempt to overcome it, resumed the downward movement. As a result, quotations may reach the support level at 1.4500 in the near future and to continue the fall to 1.4365. The growth in the near future is limited by the resistance levels at 1.4640 and 1.4800. We are waiting for the signal for the re-opening of short positions and maintain the medium-term negative outlook.
Nearest resistance levels: 1.4640, 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 within the fall reached the level of 117.00 and broke through it. Further reduction of prices is possible to the level of 116.00. After a strong decline, we expect a significant correction of prices with growth potential to 118,80 and 120,20. Our medium-term outlook remains positive and we expect prices to rebound in the near future.
Nearest resistance levels: 117.00, 118.80, 120.20, 121.50, 122.30, 123.60
Nearest support levels: 116.50, 116.00, 115.00
Currencies trading and Australian dollar. The price of AUD/USD has shown strong growth and reached the level of 0.7180 above which is trying to gain a foothold. In case of success, quotations will continue to rise to 0.7350. Within the correction the price may be reduced to 0.7050 and the lower boundary of the local rising channel. Our medium-term outlook remains negative and we are waiting for the signal to sell.
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 corrected downwards after a strong growth in the previous days. At the moment, quotations are around the level of 0.6700, and may continue to rise to 0.6800 and 0.6900 in the near future. More likely is the continuation of the price correction in the near future with the first target at 0.6600. Our medium-term outlook remains negative.
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