11.02.2016 - Technical view
Currencies trading and euro. The price of EUR/USD showed a significant increase in volatility yesterday, but after a sharp decline restored earlier lost positions and returned to the level of 1.1300. Further price growth is possible to 1.1400. We expect the resumption of the negative dynamics of price after the current ascending impulse. Our medium-term outlook remains negative.
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 after the recent correction to the level of 1.4365, has started to grow along the inclined support line and currently quotes fixed above the level of 1.4500. Further growth of price is possible to the level of 1.4640, after which the growth may continue to 1.4800. We expect the resumption of the negative dynamics of price in the near future and maintain the medium-term negative outlook with the taeget at 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 some consolidation near the level of 114.70, continued to decline within the local descending channel, and broke the support level at 113.00. The next upside target levels in case of further decline will be 112.60 and 111.00. On the other hand, after a heavy fall at any moment, we can see strong upside correctional movement.
Nearest resistance levels: 113.00, 114.70, 116.00, 118.80, 120.20, 121.50, 122.30, 123.60
Nearest support levels: 112.60, 111,00, 110,00
Currencies trading and Australian dollar. The price of AUD/USD continues to consolidate near the level of 0.7100, and the upper limit of the local downward channel. In case of breaking through these levels, the price may continue to rise to 0.7180 and 0.7350. At the moment, there is a significant probability of reduction of price within the channel with the first targets at 0.7000 and 0.6840. 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 a long consolidation around the level of 0.6600, continued its growth and may soon reach the level of 0.6750. Overcoming this level will be the basis for further growth to 0.6800 and 0.6900. The fall in the near future is limited by the level of support at 0.6600 and the inclined support line. Our medium-term outlook is negative with the objectives at 0.6250 and 0.6000, despite the possible continuation of growth in the near future.
Nearest resistance levels: 0.6750, 0.6800, 0.6900, 0.7000
Nearest support levels: 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000