15.01.2016 - Technical view
Currencies trading and euro. The price of EUR/USD showed an increase and reached the level of 1.0940, but then resumed decline and currently is in the range 1,0850-1,0900. According to our estimates, the growth of price may continue today, but its potential is limited and the negative dynamics will resume with the first target levels at 1.0800 and 1.0700. Our medium-term outlook remains negative.
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 has stabilized above the level of 1.4400 and continues to move inside the descending channel. Currently quotations approached the upper boundary of the channel, and likely to continue negative dynamics with targets near 1.4000. On the other hand, the exit from the channel, and fixing above 1.4500 will be the basis for the continuation of the upward price movement to 1.4600 and 1.4800. We expect a decline in the medium term, but we can see a correction 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 broke through the inclined resistance line and tries gain a foothold above it. In case of continued growth and fixation above the level of 118.40, we recommend opening long positions with the stop below 117.00 and objectives at 120.20, 121.50, 122.30 and 123.60. The fall of quotations in the near future is limited by the level of 117.00. Our medium-term outlook remains positive, and we are waiting for confirmation of a buy signal.
Nearest resistance levels: 118.40, 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 fixed below the level 0.7000 and continued to decline, indicating the further reduction of quotations to the target levels at 0.6900 and 0.6800. Possible increase in price is limited by the upper limit of the downward channel. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.7050.
Nearest resistance levels: 0.7000, 0.7050, 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 after reaching the target level of 0.6450, continued the downward movement within the channel and now the closest target level will be 0.6250. Possible increase in the correction is limited by the upper boundary of the channel and the level of 0.6500. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 0.6450, 0.6500, 0.6600, 0.6700, 0.6800, 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6400, 0.6320, 0.6250