15.03.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continues to decline after hitting an important level of 1.1200, but could not overcome it. Currently quotes came close to the support at 1.1050 and in case of its breaking, is likely to continue negative dynamics to the level of 1.0985, fixing below which will be the basis for further price reduction with targets at 1.0800 and 1.0700. In case of resumption of growth, quotations may reach the level of 1.1200. 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 corrected down after it failed to gain a foothold above the important level of 1.4365, which has overcome before. Currently quotes are near the lower boundary of the rising channel and support near 1.4250, in case of fixing below the given marks, we with a high probability will see the price decline to 1.4080 and 1.4000. Growth is limited by the resistance at 1.4500. Our medium-term outlook remains negative and we are waiting for the fall in the near future.

Nearest resistance levels: 1.4365, 1.4400, 1.4500, 1.4640, 1.4700, 1.4800

Nearest support levels: 1.4080, 1.4000, 1.3860, 1.3600, 1,3500

Currencies trading and Japanese yen. The price of USD/JPY has shown a rise in volatility, but continued motion about the previous levels. The growth of quotations in the near future is limited by the level of 114.70, and fixation above it will confirm the signal for opening long positions with the targets at 117.00, 118.80 and 121.50. In case of a fall, quotations will return to the support at 111.00. Our medium-term outlook remains positive, and we expect increase of prices in the near future.

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 decreased within the correction and is currently below the psychologically important level of 0.7500. In case of breaking through the local support line, the price will fall to 0.7400. Fixation lower than this level will be a strong signal to sell with the first target at 0.7240 and then the fall may continue to 0.7000 and 0.6840. Our medium-term outlook remains negative.

Nearest resistance levels: 0.7500, 0.7700, 0,7800, 0,6000

Nearest support levels: 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 did not continue the upward momentum after hitting the level of 0.6750. Now the quotes are near an inclined support line and after its breaking and overcoming the important support level at 0.6600, we expect a further decline to 0.6450 and 0.6250. We do not rule out a slight increase in the near future to 0,6750-0,6800, but the medium-term outlook remains negative.

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

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