20.01.2016 - Technical view
Currencies trading and euro. The price of EUR/USD rebounded from the inclined line of support and may soon reach the strong resistance level of 1.0985. Overcoming this mark will be the basis for further growth to 1.1050. The confirmation of the signal for opening short position will be breaking the sloping line of support and fixation below 1.0850. Our medium-term outlook remains negative, but the current growth may continue today.
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 fixed below the level 1.4310 and after reaching the upper limit of the downward channel, continued to decline. At the moment the price moves along the lower boundary of the descending channel and may continue decline to 1.4000 in the near future. In order to overcome this psychologically important level will be needed a strong incentive. According to our forecasts, in the near future there is a high probability of price correction with the upside potential to 1.4400. Our medium-term outlook remains negative.
Nearest resistance levels: 1.4260, 1.4400, 1.4500, 1.4600, 1.4700, 1.4800, 1.5000, 1.5200, 1.5250
Nearest support levels: 1.4000, 1,3860, 1,3600
Currencies trading and Japanese yen. The price of USD/JPY after reaching the level of 118.00, resumed falling and returned within the downtrend channel. Currently quotes are below the level of 117.00, and may continue to decline to 116.00. Our medium-term outlook remains positive, and we are waiting for fixation above 118.40, to open long positions, but the decline may continue in the near future.
Nearest resistance levels: 117.00, 118.40, 119.00, 120.20, 120.60, 121.50, 122.30, 123.60
Nearest support levels: 116.70, 116.00, 115.00
Currencies trading and Australian dollar. The price of AUD/USD after some correction, renewed fall in the near future is likely to reach the target level of 0.6800, after which may continue decline to 0.6600. In case of the rebound upwards quotations may return to the levels 0,6950-0,7000. Our medium-term outlook remains negative and we are waiting for further decline in the near future.
Nearest resistance levels: 0.7000, 0.7050, 0.7150, 0.7200, 0.7300, 0.7400, 0.7500, 0.7600
Nearest support levels: 0.6800, 0.6750, 0.6600
Currencies trading and New Zealand dollar. The price of NZD/USD could not overcome the resistance level at 0.6500 and renewed fall within which broke through the support 0.6400. In case of further decline, the target level will be 0.6250. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 0.6400, 0.6450, 0.6500, 0.6600, 0.6700, 0.6800, 0.6900, 0.7000
Nearest support levels: 0.6320, 0.6250, 0.6200, 0.6000