15.02.2016 - Technical view

Currencies trading and euro. The price of EUR/USD corrected downwards and reached the level of 1.1200 and the local support line. In case of breaking through and fixing below these levels, the decline will continue to 1.0985 and 1.0800. At the moment, there is a possibility of price rebound from the current levels with growth potential to 1.1400. Our medium-term outlook remains negative and we are waiting for the signal to sell.

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 continues to grow gradually along the inclined support line and at the moment is consolidating around the level of 1.4500. A further price increase is limited by a strong resistance level at 1.4640. The breaking of the inclined resistance line will lead to further reduction of price to 1.4365. Our medium-term outlook remains negative.

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 a strong reduction of price, and some consolidation below 113.00, has broken the upper boundary of the local downward channel and in the near future with a high probability will reach the next target level of 114.70. We expect continued upward price movement in the near future and maintain a medium-term positive outlook.

Nearest resistance levels: 114.70, 116.00, 118.80, 120.20, 121.50, 122.30, 123.60

Nearest support levels: 113.00, 112.60, 111,00, 110,00

Currencies trading and Australian dollar. The price of AUD/USD shows an increase within which approached the resistance level at 0.7180. In case of continuation of the current positive dynamics, growth will continue to 0.7350. At the moment, there is the possibility of renewed negative dynamics of price with the closest targets at 0,7000-0,7050, after overcoming of which a negative movement is likely to continue to 0,6800-0,6840.

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 the recent correction of price to the level of support at 0.6600, resumed growth, and may again approach the resistance level at 0.6750 in the near future. The signal for the opening short position will be fixing of price below the level of 0.6600, and in this case targets will be at 0.6450 and 0.6250. Our medium-term outlook remains negative and we are waiting for confirmation on 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

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