25.03.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continues moderate decline along the inclined resistance line. Breaking through and fixation below 1.1200, is the signal for the continuation of the negative dynamics to nearby targets at 1.1050, 1.0985 and 1.0850. In case of correction and overcoming the level of 1.1200, the price will continue to rise to 1.1350. 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 corrected up to the resistance level at 1.4180 and reached the lower boundary of the rising channel. Fixing outside the channel is a strong signal to sell with immediate objectives at 1.4000 and 1.3860. In case of return within the ascending channel, the price may rise up to 1.4365, but this scenario is unlikely. Our medium-term outlook remains negative.

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 grow along the inclined resistance line and was able to overcome the level of 113.00, and has continued to grow. in case of correction, prices may return to a local minimum near 112.40. The next upside target level is 114.70, overcoming of which will be the reason for the continuing rising dynamics to the level 117.00, 118.80 and 121.50. Our medium-term outlook remains positive, and the current growth is likely to continue in the coming weeks.

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

Nearest support levels: 113.00, 111,00, 110,60, 108,00

Currencies trading and Australian dollar. The price of AUD/USD has broken the lower border of the local rising channel and tries to gain a foothold below it, which is the basis for opening short positions with a stop above the level of 0.7675 and objectives at 0.7250 and 0.7000. In case of correction, quotations may return to level of 0.7575 and 0.7675. Our medium-term outlook remains negative and we are waiting for a decrease in the near future.

Nearest resistance levels: 0.7575, 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 continued to decline inside the rising channel. In the near future quotations with a high probability will reach the level of 0.6600 and the lower boundary of the rising channel. In case of correction, quotations may return to the nearest resistance levels at 0.6820. Our medium-term outlook remains negative.

Nearest resistance levels: 0.6820, 0.6900, 0.7000

Nearest support levels: 0.6600, 0,6560, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200

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