07.02.2014 - Technical view
Futures on the broad U.S. stock index S&P 500 has reached a level of 1780, but could not overcome it. After yesterday's growth, the correction is possible to 1760. If the price will fix above 1780, we expect that the quotes will go to 1810.
Nearest support levels: 1760, 1740
Nearest resistance levels: 1780, 1810
The quotes of EUR/USD have strengthened on the background of positive statistics in the Eurozone. The price of pair has reached the level 1.3550. Growth of quotations is limited by the upper boundary of the descending channel. If case of continued decline, the price can reach 1.35.
Nearest support levels: 1.3550, 1.3500
Nearest resistance levels: 1.3630, 1.3710
The price of the British pound continues to consolidate near the level 1.6320. In case of decline, the price may drop to 1.6260. Growth is limited by the resistance at 1.64. We expected increase in volatility after the release of data on the labor market in the U.S. (13:30 GMT).
Nearest support levels: 1.6260, 1.6140
Nearest resistance levels: 1.6400, 1.6460, 1.6550
The price of USD/JPY has increased against the strengthening of the U.S. dollar and consolidates around level 102.00. In case of further growth, the price may reach 103.00. Support line is placed at 100.90.
Nearest support levels: 100.90, 100.40
Nearest resistance levels: 103.00 103.50
The price of AUD/USD has fixed above the 0.89 level strong and continues to grow. We expect the price to reach the psychological level of 0.90, but wonât be able to overcome it. The closest target in case of renewal of decline will be at 0.89. We expect, that the price will continue to move within the downward channel.
Nearest support levels: 0.8900, 0.8830, 0.8700
Nearest resistance levels: 0.9000, 0.9060
The price of gold is consolidating near the level 1265 dollars per troy ounce. For the continued growth and fixation above 1270 will be needed a strong fundamental stimulus, which may be the statistics on unemployment in the U.S. The signal toÂ«sellÂ» will be the exit from the channel and fastening below 1240 dollars per troy ounce.
Nearest support levels: 1242, 1220
Nearest resistance levels: 1265, 1280, 1290