08.02.2016 - Technical view
Currencies trading and euro. The price of EUR/USD after reaching and some consolidation around the level of 1.1200, started to correct downward and in the near future can reach support levels at 1.1080 and 1.1050. In case of overcoming these levels, the decline will continue until 1.0985. Our medium-term outlook remains negative, but we do not rule out the price growth to 1.1200 and 1.1400 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 corrected down to 1.4500 and an inclined support line. In case of further decline, the levels 1.4365 and 1.4080 will become the closest targets. In the near future the growth is limited by the local maximum near 1.4640. We maintain our medium-term negative outlook, and expect lower prices in the near future, with the potential decline to 1.4000.
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 after a strong decline and approaching the support level at 116.00, which is also a local minimum, started to correct upwards and soon will return to the level of 118.80, the overcoming of which will be the basis for further growth of price to 120,20 and 121,50.
The fall in the near future is limited by the levels 116,00-116,50. We expect the price growth in the near future and medium term.
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 a strong decline and returned to the level of 0.7050 and the lower boundary of the local rising channel. In case of continued growth, the target levels will be 0.7180 and 0.7350. Fixation lower than 0.7000 will be the basis for the continuation of the negative dynamics of price to 0.6840 and 0.6800. Our medium-term outlook remains negative.
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 fell to the support level at 0.6600 and in case of overcoming this level of support will continue to decline to an inclined support line and the level of 0.6500. Today, there is a possibility of upward rebound of prices and in this case quotations may reach the level of 0.6700. Our medium-term outlook remains negative and we expect the decline to 0.6250 and 0.6000.
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