12.02.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continues to rise gradually within the uptrend. The growth of quotations in the near future is limited by the resistance level at 1.1400. In the near future, prices may drop to 1.1200. The current growth of quotations may continue, but the 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 has reached the support level at 1.4365, but could not overcome it, and resumed growth. Current growth may continue to the level of 1.4640, but to overcome it will be needed a strong stimulus. In case of reduction the signal for opening short positions with the targets at 1.4080 and 1.4000 will become fixation below 1.4365. We maintain our medium-term negative outlook, but do not exclude the saving of positive dynamics today.
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 accelerated the fall and has broken though the lower boundary of the local descending channel. Currently quotes are consolidated below the level of 113.00 and in case of correction, we can see a strong upward movement with the potential of reaching the levels 116.00 and 117.00. Our medium-term outlook remains positive, but we do not exclude the possibility of falling to 110.00 in the near future.
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 show a strong level of volatility. In case of further growth and fixation above the level of 0.7180, quotations will continue to rise upwards to 0.7350. A more likely scenario, according to our forecasts is a continuation of the negative dynamics and a signal to sell with the objectives at 0,6800-0,6840 will be fixation below 0.7000. 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 has shown growth during which approached the resistance level at 0.6750. The breaking and fixing the price above this level will be the basis for the continuation of the upward price movement with the potential of reaching the levels 0.6800 and 0.6900. In the near future quotations will probably again reach the support at 0.6600 fixation below which will become a signal for opening short positions with the targets at 0.6450 and 0.6250. Our medium-term outlook remains negative and we are waiting for confirmation of the sell signal.
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