24.03.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continued to decline gradually along the local descending resistance line. It is worth noting that earlier quotes broke through the bottom of the local rising channel border and the support level at 1.1200. This fact is the reason for the continuation of negative dynamics with the objectives at 1.1050 and 1.0985. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1200, 1.1350, 1.1400, 1.1450, 1.1500
Nearest support levels: 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD continues to decline, and within the fall has been able to break through the lower boundary of the rising channel. The next upside target level is 1.4080, after which negative dynamics may continue until 1.3840. In case of rebound, quotations may rise to 1.4180. Our medium-term outlook remains negative with potential targets at 1.3500 and 1.3600.
Nearest resistance levels: 1.4180, 1.4365, 1.4400, 1.4500, 1.4640, 1.4700, 1.4800
Nearest support levels: 1.4000, 1.3860, 1.3600, 1.3500
Currencies trading and Japanese yen. The price of USD/JPY continues to rise gradually after a rebound from a strong support level at 111.00. In the near future there is a high probability of further upward price movement to the level of 114.00, after which growth may continue to 114.70. The fall is limited by the level of 111.00. Our medium-term outlook remains positive with the objectives at 117.00, 118.80 and 121.50.
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 after some consolidation above the level of 0.7575, and it has broken through the lower boundary of the rising channel. This fact is a signal of a changing the downward trend to the rising. Target levels within the further reduction will be 0.7400, 0.7250 and 0.7100. Our medium-term outlook remains negative and we expect a decrease in the near future.
Nearest resistance levels: 0.7500, 0.7700, 0,7800, 0,6000
Nearest support levels: 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 a confident decrease inside the rising channel and may soon reach the lower boundary and the level of 0.6600. In case of rebound, quotations may rise to 0.6820. We expect a further fall in prices to 0.6450 and 0.6250. The medium-term outlook for the New Zealand dollar also remains negative.
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