18.01.2016 - Technical view

Currencies trading and euro. The price of EUR/USD after reaching the resistance level at 1.0985, started to correct downwards and in the near future according to our estimates will fall to the inclined support line. Its overcoming and breaking through the level of 1.0850, which is a local minimum, is the basis for the further reduction of price to 1.0800 and 1.0700. Breaking through the level of 1.0985 is unlikely. We maintain a medium-term negative outlook.

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

Nearest support levels: 1.0900, 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200

Currencies trading and British pound. The price of GBP/USD has continued to fall after some consolidation around the level of 1.4400. Currently quotes are near the lower boundary of the descending channel and can correct upwards. According to our forecasts, the decline will continue until the level of 1.4000, then we can see a strong price correction. Our medium-term outlook remains negative.

Nearest resistance levels: 1.4400, 1.4500, 1.4600, 1.4700, 1.4800, 1.5000, 1.5200, 1.5250

Nearest support levels: 1.4260, 1.4000

Currencies trading and Japanese yen. The price of USD/JPY continues to consolidate around the level of 117.00. The next upside target level will within decrease is at 116.00. The breaking of the upper boundary of the descending channel and the level of 118,00 will be a confirmation of a buy signal with the objectives at 119,00 and 120,20. Our medium-term outlook remains positive despite the possible continuation of the decline in the coming days.

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 bounced upwards and currently is consolidating around the level of 0.6900. In case of further correction, quotations may grow up to 0.7000. We maintain a medium-term negative outlook and are waiting for the resumption of the negative dynamics in the near future with a target at 0.6800, after which quotations will probably continue to decline to 0,6500-0,6600.

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 level of 0.6400, started to correct upwards and can grow up to 0.6500. In the near future the price may continue downward movement to the level of 0.6250. Our medium-term outlook remains negative and we are waiting for the continuation of the negative dynamics of price within a downward channel in the near future.

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

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