26.02.2016 - Technical view
Currencies trading and euro. The price of EUR/USD was not able to continue the fall and overcome support at 1.0985 and corrected upward to an inclined line of resistance and the level of 1.1050. Fixing the price above the given marks will be the basis for continued growth to 1,1150-1,1200. Our medium-term outlook remains negative and we expect a breaking through support at 1.0985 and then will the fall may continue to the levels 1.0800 and 1.0700.
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 corrected up to the important level of 1.4000. A further increase in prices within the correction is possible up to the level of 1.4080 and the lower boundary of the descending channel, which quotations have left earlier. Fixation under 1.4000 will be the basis for the continuation of negative dynamics with the objectives at 1.3860 and 1.3600. Our medium-term outlook remains negative.
Nearest resistance levels: 1.4000, 1.4080, 1.4365, 1.4400, 1.4500, 1.4640, 1.4700, 1.4800
Nearest support levels: 1.3860, 1.3600, 1,3500
Currencies trading and Japanese yen. The price of USD/JPY after breaking through the upper boundary of the descending channel has reached the local resistance level at 113.00, but could not overcome it. In case of continued growth and fixation of quotations above the level of 113.00, the price will continue the upward movement to 114.70. Fall of price in the near future is limited by the level of 111.00. We maintain our medium-term positive outlook and are waiting for a signal to buy.
Nearest resistance levels: 113.00, 113.60, 114.70, 116.00, 118.80, 120.20, 121.50, 122.30
Nearest support levels: 111.00, 110.00
Currencies trading and Australian dollar. The price of AUD/USD has shown a steady growth and reached the resistance level at 0.7240. The breaking of this level will be the reason for the continuation of the upward movement of the price with the upside potential to 0.7350 and 0.7400. A more likely scenario in the near future is the reduction of price to the level of 0.7180 and the lower boundary of the triangle. Our medium-term outlook remains negative.
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 strong growth and reached the resistance level at 0.6750. After overcoming this level growth will continue to 0.6800 and 0.6900. It is worth noting that at the moment there is a high probability of the price fall to the lower boundary of the triangle and the level of 0.6600, fixing below which the will be a signal to sell with targets at 0.6450 and 0.6250. Our medium-term outlook remains negative.
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