22.02.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD has shown a slight increase, and continues to consolidate near the level of 1.1100. After overcoming the support level at 1.1050, the price will continue to fall to 1.0985. Growth of quotations in the nearest future is possible to the resistance level at 1.1200. We forecast a fall of price in the medium term and recommend to wait for the signal to sell.

Nearest resistance levels: 1.1200, 1.1350, 1,1400, 1.1450, 1.1500, 1.1750

Nearest support levels: 1.1080, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD has shown the gap at the beginning of the week and at the moment is consolidating near the level of 1.4300. In case of continued negative dynamics, quotations will fall to the level of 1.4080 and 1.4000. The growth in the nearest future is limited by the level of 1.4365 and the upper limit of the downward channel. Our medium-term outlook remains negative and we expect a fall in the medium term, but do not exclude closing the gap in the nearest future.

Nearest resistance levels: 1.4365, 1.4400, 1.4500, 1.4640, 1.4700, 1.4800, 1.5000, 1.5200

Nearest support levels: 1.4080, 1.4000, 1.3860, 1.3600

Currencies trading and Japanese yen. The price of USD/JPY broke through the support level at 113.00 and is trying to gain a foothold below this level. A further fall of price is possible to the levels 111.00 and 110.00. According to our forecast the price may reach the level of local minimum and then resume upward momentum with the target levels at 117.00, 118.80 and 121.50. Our medium-term outlook remains positive, and we expect a reversal of the local negative trend in the nearest future.

Nearest resistance levels: 113.00, 113.60, 114.70, 116.00, 118.80, 120.20, 121.50, 122.30

Nearest support levels: 112.60, 111.00, 110.00

Currencies trading and Australian dollar. The price of AUD/USD has shown a sharp increase and reached the upper limit of the corridor 0,7050-0,7180. In case of breaking and fixing of price above this level, we expect to see continued growth of quotations to the levels 0.7350 and 0.7400. A more likely scenario in the nearest future is the resumption of negative dynamics. In case of opening short positions with a stop above 0.7200, the target levels will be 0.7050 and 0.7000, after overcoming of which quotations may be reduced 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 could not break through and gain a foothold above an inclined line of support and the level of 0.6600 and rebounded upwards. In case of continued rising dynamics, the price will reach the level of 0.6750, but for its overcoming will be needed a significant boost. We expect the current consolidation to continue in the near future, after which we expect the resumption of a negative price dynamics. The signal to sell will be price fixing below 0.6600. Our medium-term outlook remains negative.

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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