14.01.2016 - Techncail view

Currencies trading and euro. The price of EUR/USD after the price reduction to the level of 1.0800, started to correct upwards and approached the level of 1.0900. In case of continued growth, the price may rise to 1.0940. On the other hand, the fall in the near future may resume and the price will reach the target marks on 1.0800 and 1.0700. Our medium-term outlook remains negative and we recommend accumulating short positions.

Nearest resistance levels: 1.0900, 1,0985, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450

Nearest support levels: 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200

Currencies trading and British pound. The price of GBP/USD continues to show a negative trend after a slight correction earlier. Currently quotes are around the level of 1.4400, and may continue to decline to 1.4000 in the coming weeks. The breaking of the upper boundary of the channel and fixation higher than 1.4600 will be a signal for the continuation of growth to 1.4800 and 1.4900. Our medium-term outlook remains negative and we are waiting for the fall in the near future.

Nearest resistance levels: 1.4500, 1.4600, 1.4700, 1.4800, 1.5000, 1.5200, 1.5250, 1.5300

Nearest support levels: 1.4400, 1.4260, 1.4000

Currencies trading and Japanese yen. The price of USD/JPY resumed its decline after failed to gain a foothold above the level of 118.00. Fall of price in the near future is limited by the support level at 117.00 and 116.00. In case of change of the negative trend to the positive, a buy signal will be above the level of fixation 118,00. Our medium-term outlook remains optimistic, and we are waiting for a signal to buy.

Nearest resistance levels: 118.00, 119.00, 120.20, 120.60, 121.50, 122.30, 123.60, 124.50

Nearest support levels: 117.00, 116,00

Currencies trading and Australian dollar. The price of AUD/USD after growth of price within the channel and approaching its upper boundary, resumed falling and now is trying to overcome the local minimum around 0.6935. In case of success, the fall will continue until 0.6800. Our medium-term outlook for the Australian dollar remains negative and we expect a decline in the near future.

Nearest resistance levels: 0.7000, 0.7080, 0.7150, 0.7200, 0.7300, 0.7400, 0.7500, 0.7600

Nearest support levels: 0.6900, 0.6750, 0.6600

Currencies trading and New Zealand dollar. The price of NZD/USD has continued to fall after some consolidation above the level of 0.6500, and as a result was able to break through this support. Nearest target level is 0.6450, after overcoming of which is possible reaching the level of 0.6250. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.6600.

Nearest resistance levels: 0.6500, 0.6600, 0.6700, 0.6800, 0.6900, 0.7000, 0.7200

Nearest support levels: 0.6450, 0.6400, 0.6320, 0.6250

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