21.01.2016 - Technical view
Currencies trading and euro. The price of EUR/USD reduced to a sloping support line and currently is trying to gain a foothold below the level 1.0900. Further reduction and breaking through 1.0850 will be a signal for opening short positions with the reduction potential up to 1.0800, 1.0700 and 1.0550. The growth in the near future is limited by a strong resistance level at 1.0985. Our medium-term outlook remains negative and we recommend waiting for the signal to sell.
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 after reaching the lower limit of the downward channel, stabilized and currently is consolidating around the level of 1.4200 and according to our estimates will continue to fall to 1.4000 in the near future. We still recommend holding short position with a stop above 1.4310 and in case of fixing of quotes above this mark, growth may continue to 1,4500-1,4600. Our medium-term outlook remains negative.
Nearest resistance levels: 1.4310, 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 corrected upwards after reaching the level of 116.00, but the upward movement was limited. In case of continued growth, confirmation of a buy signal will be fixing the price above 118.40. In this case, the rising dynamics may continue to 120,20 and 121,50. Fall of price may continue to 116,00 and 115,00. Our medium-term outlook remains positive, and we are waiting for the resumption of positive dynamics after the current correction.
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 corrected upwards to the level of 0.6950, but was unable to continue the upward movement and renewed decline during which may reach the target level of 0.6800, and continue the negative dynamics to 0.6600. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.7050.
Nearest resistance levels: 0,6950, 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 again broke through the upper limit of the downward channel but was unable to continue it and reach the level of 0.6500. In case of fixing above this level, we recommend to fix short positions, and expect the rise to 0.6600 and 0.6700. More likely scenario according to our forecasts is a continuation of the negative dynamics with targets at 0.6250 and 0.6000. 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
Nearest support levels: 0.6400, 0.6320, 0.6250, 0.6200, 0.6000