14.03.2016 - Technical view
Currencies trading and euro. The price of EUR/USD after the recent correction, resumed growth and before long may again reach the level of 1.1200 and fixation above it will be a signal for the continuation of the upward price movement to 1.1400. It is worth noting that in the near future there is a high probability of resumption of the negative dynamics with the first targets at 1.1050 and 1.0985, and then the fall may continue to 1.0800. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1200, 1.1350, 1.1400, 1.1450, 1.1500
Nearest support levels: 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD after some consolidation, it has been able to continue its growth and at the moment is trying to gain a foothold above the level of 1.4365. In case of success, the growth will continue to 1.4500. The fall in the near future is limited by the lower boundary of the local rising channel. According to our forecasts, the decline will resume in the near future. Our medium-term outlook remains negative.
Nearest resistance levels: 1.4400, 1.4500, 1.4640, 1.4700, 1.4800
Nearest support levels: 1.4365, 1.4080, 1.4000, 1.3860, 1.3600, 1,3500
Currencies trading and Japanese yen. The price of USD/JPY continues to consolidate within the range 111,00-114,70. If the price fixates above 114.70, the growth of quotations will continue until 117,00, 118,80 and 121,50. The potential for reduction is minimal. We are forecasting continued growth of quotations in the near future and in the medium term and look forward to the confirmation of the signal for opening long positions.
Nearest resistance levels: 114.70, 116.00, 118.80, 120.20, 121.50, 122.30
Nearest support levels: 113.00, 112,00, 111.00, 110.00
Currencies trading and Australian dollar. The price of AUD/USD was able to overcome an important resistance level at 0.7500 and the upper boundary of the local ascending channel. This fact is the reason for the continuation of the upward price movement with the first target at 0.7700. With the resumption of the negative dynamics the signal to sell will be fixation of quotations below the level of 0.7400. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7500, 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840, 0.6800
Currencies trading and New Zealand dollar. The price of NZD/USD has grown to the level of 0.6750 and in case of breaking through it, will continue its upward movement up to 0,6800-0,6820. In case of renewal of a negative price dynamics, the closest target will be 0.6600, after breaking through which we predict a price drop to 0.6450 and 0.6250. Our medium-term outlook remains negative and we are waiting for the resumption of the negative dynamics in the near future.
Nearest resistance levels: 0.6800, 0.6900, 0.7000
Nearest support levels: 0.6600, 0,6560, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000