10.02.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continued to rise after failed to break through the important level of 1.1200. As a result, quotations reached the upper limit of the upward channel and is currently consolidating around it. In the case of correction quotations may return to the levels of 1.1200 and 1.1100. Growth of price in the near future is possible to the level of 1.1400. Our medium-term outlook remains negative, but the current upward trend will continue in the near future.
Nearest resistance levels: 1.1350, 1,1400, 1.1450, 1.1500, 1.1750
Nearest support levels: 1.1200, 1.1080, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD has not been able to break through the support level at 1.4365 and started to correct upwards. As a result, quotations reached the resistance at 1.4500 and in the near future will probably continue to be consolidated within the corridor 1,4365-1,4500. We forecast a drop in prices in the near future and medium term, with the objectives at 1,4000-1,4100.
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
Currencies trading and Japanese yen. The price of USD/JPY has fallen to the level of 114.70 and is currently consolidating around it. Within the further reduction quotes can reach the important levels of support at 113,00-114,00. In the near future we can see the price correction with the first targets at 116.00 and 117.00. Our medium-term outlook remains positive, but we do not exclude the fall in the near future.
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 after breaking through the rising channel's lower boundary and fixing beyond its borders, continued to fall. Breaking through the support level at 0.7000 will be a confirmation of the signal for opening short positions with the potential of reaching the levels 0,6800-0,6840 in the near future. Our medium-term outlook remains negative.
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 after the rebound from the support level at 0.6600, could not continue to grow and returned to this point. Further reduction of price is limited by an inclined line of support and in case of its breaking will continue to drop to 0.6350 and 0.6250. Growth of price in the near future is limited by the levels of 0.6800 and 0.6900. We forecast a drop in price in the medium term.
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