27.01.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD continues to show gradual growth after the rebound from the level 1.0800. In case of continued upward dynamics, quotations will reach the level of 1.0900, the overcoming of which will be the basis for further upward price movement to 1.0985. We expect the price decline of euro in the medium term with the immediate objectives at 1.0700 and 1.0550.

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

Conversion Rate Application

Currencies trading and British pound. The price of GBP/USD showed an increase during which was able to break through the upper boundary of the descending channel and reached the resistance level at 1.4365, fixation above which will be the signal for opening long positions with targets at 1.4500 and 1.4700. Despite the possible continuation of the correction, we maintain a medium-term negative outlook.

Nearest resistance levels: 1.4365, 1.4400, 1.4500, 1.4600, 1.4700, 1.4800, 1.5000, 1.5200

Nearest support levels: 1.4080, 1.4000, 1.3860, 1.3600

Data Downfall

Currencies trading and Japanese yen. The price of USD/JPY continues to consolidate below 118.80 and if the price fixates above this level, it will continue to rise up to 120.20, 122.30 and 123.60. The fall in the near future is limited by the level of 117.00. Our medium-term outlook remains positive, and we are waiting for the signal for opening positions.

Nearest resistance levels: 118.80, 120.20, 120.60, 121.50, 122.30, 123.60

Nearest support levels: 117.00, 116.50, 116.00, 115.00

Currencies trading and Australian dollar. The price of AUD/USD continued growth during which was able to reach the level of 0.7050 and its overcoming will be a signal for the continuation of the upward price movement to 0.7150 and 0.7350. On the other hand, the fall may continue to 0.6850 and 0.6800. In case of opening short positions, the stop should be set above 0.7050. Our medium-term outlook remains negative.

Nearest resistance levels: 0.7050, 0.7180, 0.7350, 0.7400, 0.7500

Nearest support levels: 0.6840, 0.6800, 0.6750, 0.6600

3 Months and 4 Hours of USD Performance

Currencies trading and New Zealand dollar. The price of NZD/USD has continued to fall and is trying to gain a foothold below the level 0.6500. Upon further decrease, quotes will reach the levels 0,6350-0,6400, after which the negative trend may continue until 0.6250. Growth of price in the near future is limited by the levels 0.6600 and 0.6700. Today is predicted strong price movement and our medium-term outlook remains negative.

Nearest resistance levels: 0.6500, 0.6600, 0.6700, 0.6800, 0.6900, 0.7000

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

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