25.01.2016 - Technical view

Currencies trading and euro. The price of EUR/USD after breaking and fixing the price below the inclined support line, quotations continued to decline and have reached the level of 1.0800. In case of the continuation of the negative dynamics, the nearest target levels will be 1.0700 and 1.0550. Within the correction, quotations may grow to 1,0850-1,0900. We expect a continuation of negative price movements and maintain the medium-term negative outlook.

Nearest resistance levels: 1.0900, 1,0985, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450

Nearest support levels: 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200

Currencies trading and British pound. The price of GBP/USD after the rebound from the level of 1.4100, started to correct upwards and broke through the upper limit of the local downward channel. As a result, the price has reached resistance at 1.4310, but failed to overcome it and started to correct upwards. Our medium-term outlook remains negative, and the increase in prices in the coming months will be possible only in the case of a correction.

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 shows steady growth during which has broken the resistance level at 118.40. Fixation above this mark, it is a confirmation of the signal for opening long positions with the target levels at 120.20, 121.50 and 122.30. We expect the current growth to continue in the near future and the fall is limited by the levels of 118.00 and 117.00. Our medium-term outlook remains positive.

Nearest resistance levels: 119.00, 120.20, 120.60, 121.50, 122.30, 123.60

Nearest support levels: 118.40, 117.00, 116.70, 116.00, 115.00

Currencies trading and Australian dollar. The price of AUD/USD broke through the upper limit of the downward channel and reached the level of 0.7000, around which continues to consolidate at the moment. The closest target levels in case of continuation of growth will be 0.7100 and 0.7200. Today we can see the correction of price. We also maintain our medium-term negative outlook with the potential for reducing to 0.6800 and 0.6600.

Nearest resistance levels: 0.7050, 0.7150, 0.7200, 0.7300, 0.7400, 0.7500

Nearest support levels: 0.7000, 0.6950, 0.6800, 0.6750, 0.6600

Currencies trading and New Zealand dollar. The price of NZD/USD has continued to fall after a confident upward correction. Further growth of quotations within the correction is possible to 0.6600. Nearest targets within price decrease will be 0.6400 and 0.6250. We maintain a medium-term negative view on the price of the New Zealand dollar.

Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6900, 0.7000

Nearest support levels: 0.6500, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000

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