23.03.2016 - Technical view
Currencies trading and euro. The price of EUR/USD broke the lower boundary of the rising channel and currently is consolidating above the level of 1.1200. The breaking and fixing of price below this level will be a signal for opening short positions with the closest targets at 1.1050, 1.0985 and 1.0850. In case of upward rebound, quotations may return to the resistance at 1.1350. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1350, 1.1400, 1.1450, 1.1500
Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD after breaking through the level of 1.4400 has completed the formation of a double top, and as a result fell to the support level at 1.4180. For the further reduction the price must break through the lower boundary of the descending channel. In such case the target levels will be 1.4000 and 1.3840. Our medium-term outlook remains negative, but after the recent sharp fall the price is likely to rebound upward.
Nearest resistance levels: 1.4365, 1.4400, 1.4500, 1.4640, 1.4700, 1.4800
Nearest support levels: 1.4180, 1.4000, 1.3860, 1.3600, 1.3500
Currencies trading and Japanese yen. The price of USD/JPY continues to show growth after could not continue a fall after the important support level at 111.00. In the near future, rising dynamics may continue to 114.70, after which can grow up to 117,00, 118,80 and 121,50. Our medium-term outlook remains positive, and in case of opening of long positions, the stop should be set below 110.60.
Nearest resistance levels: 113.00, 114.70, 116.00, 118.80, 120.20, 121.50, 122.30
Nearest support levels: 111,00, 110,60, 108,00
Currencies trading and Australian dollar. The price of AUD/USD continues to consolidate within the range 0,7575-0,7675. Further increase of price is possible till the level of 0.7800. The signal about change of the trend will be fixing beyond the local rising channel. In such case the target levels will be 0.7400 and 0.7250. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7500, 0.7400, 0.7350, 0.7240, 0.7120, 0.7000, 0.6840, 0.6800
Currencies trading and New Zealand dollar. The price of NZD/USD continues to decline gradually and before long may continue negative dynamics to the lower boundary of the channel and the level of 0.6600. Growth is limited by the local maximum near 0.6880. Our medium-term outlook is negative with the objectives at 0.6450 and 0.6250.
Nearest resistance levels: 0.6800, 0.6900, 0.7000
Nearest support levels: 0.6600, 0,6560, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200