23.02.2016 - Technical view
Currencies trading and euro. The price of EUR/USD showed a strong fall in prices and broke through the support level at 1.1050, for the continuation of negative dynamics with nearest objectives at 1.0800 and 1.0700, quotations need to gain a foothold below the support level at 1.0985. Currently quotes are trying to continue the rise up to the upper boundary of the local descending channel, the overcoming of which can lead to growth continuation to 1.1200. Our medium-term outlook remains negative and we expect saving the current dynamics in the near future.
Nearest resistance levels: 1.1050, 1.1200, 1.1350, 1,1400, 1.1450, 1.1500, 1.1750
Nearest support levels: 1.0985, 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD has shown strong decline and reached the lowest level of this year around 1.4080. The breaking of this level will lead to a further decline of prices to 1.4000. Currently quotes are trying to gain a foothold outside of the channel, which is has left earlier. The price growth is limited by resistance level at 1.4365. We expect a decline in the near future with the objectives at 1.4080 and 1.4000. Our medium-term outlook remains negative.
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 continues to decrease gradually along the inclined support line and may soon reach the local lows around 111.00. In case of upward price rebound and breaking through the local inclined resistance line and the level of 113.00, we with high probability expect continued growth to 114.70. Our medium-term outlook remains positive.
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 strong growth during which was able to break through the important level of 0.7180, and then reached the next resistance at 0.7240 below which is consolidated at the moment. It should be noted that now there is an opportunity to sell short with the tight stop above 0.7250 and closest objectives at 0.7180 and 0.7050. Our medium-term outlook remains negative and we expect fall in in the short term.
Nearest resistance levels: 0,7240, 0.7350, 0.7400, 0.7500
Nearest support levels: 0.7180, 0.7000, 0.6840, 0.6800, 0.6750, 0.6600
Currencies trading and New Zealand dollar. The price of NZD/USD has shown growth and approached the resistance level at 0.6750, but could not overcome it. In case of continued growth and breaking of this level, we expect a further increase in price to 0.6800 and 0.6900. According to our forecasts, the price will continue to consolidate in the near future between the inclined support line and resistance at 0.6750. Our medium-term outlook remains negative and we expect a decline in the near future.
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