09.02.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD renewed growth and reached the resistance level at 1.1200 after corrected down to 1.1100. In case of overcoming the level of 1.1200, quotations will continue to rise up to 1.1400. In case of resumption of decline the price again will reach the levels 1,1080-1,1100 and sloping support line. Fixing the price below these levels will be the basis for the continuation of negative dynamics to 1.0800 and 1.0700. We forecast a drop in the medium term, but do not rule out further 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

Improving EUR-USD Performance

Currencies trading and British pound. The price of GBP/USD continued to fall and returned to the support level at 1.4365. The breaking of this level will be the basis for further reducing of price to 1.4100 and 1.4000. Growth is limited by an inclined line of resistance and the mark of 1.4500. Our medium-term outlook remains negative and we are waiting for a decline in the near future.

Nearest resistance levels: 1.4500, 1.4640, 1.4700, 1.4800, 1.5000, 1.5200

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

Stock Picks and Technical Analysis

Currencies trading and Japanese yen. The price of USD/JPY after a minor correction within the local descending channel, continued to fall and has broken through the support level at 116.00. At the moment, quotations reached a level of 114.70 and in case of further decline, will reach the marks 114.00 and 113.00. According to our estimates, after a strong decline, we will see a correction in the near future. Our medium-term outlook remains positive, but the current decline may continue in the short term.

Nearest resistance levels: 116.00, 117.00, 118.80, 120.20, 121.50, 122.30, 123.60

Nearest support levels: 114.70, 114.00, 113.00, 112.60

Currencies trading and Australian dollar. The price of AUD/USD has broken the lower boundary of the rising channel and the support level at 0.7050. Overcoming the psychologically important mark at 0.7050 will confirm the signal for opening short positions with the closest targets at 0.6840 and 0.6800. The growth in the near future is limited by the level of 0.7100. Our medium-term outlook remains negative and we expect a continuation of negative dynamics in the near future.

Nearest resistance levels: 0.7180, 0.7350, 0.7400, 0.7500

Nearest support levels: 0.7000, 0.6840, 0.6800, 0.6750, 0.6600

Currencies trading and New Zealand dollar. The price of NZD/USD corrected down to the level of 0.6600, and may continue to decline to an inclined support line in the near future and its breaking through will cause further decline to 0.6350 and 0.6250. In case of the rebound from the level of 0.6600, quotations will return to marks 0,6700-0,6750. 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

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