28.03.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD has stabilized near the level of 1.1150. In case of correction and breaking through the level of 1.1200, quotations may return to the local maximum near 1.1350, but the more likely scenario is a continuation of negative dynamics of price in the near future, until the first targets at 1.1050 and 1.0985, and then quotes will probably decline to 1.0850. Our medium-term outlook remains negative and we are waiting for the price reduction in the near future.

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 after the recent correction was unable to overcome the resistance level at 1.4180 and is currently consolidating below it. In case of resumption of negative dynamics quotations will return to the lows of the year near 1.3840, after which the negative dynamics may continue to 1.3600 and 1.3500. 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 continued gradual growth within the local rising channel and approached an inclined resistance line. In case of continuation of the upward price movement, quotation will reach the level of 114.70 and consolidation above this mark will be a signal to buy with targets at 117.00, 118.80 and 121.50. The fall is possible to the strong support at 111.00. We expect further growth of prices in the near future and medium term.

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 after breaking through the rising channel's lower boundary, continues to consolidate. In case of upward price correction, quotations may return to the level of 0.7575. According to our estimates, in the near future quotations will reach the level of 0.7400, after which the decline will continue to 0.7250 and 0.7100. Our medium-term outlook remains negative and we expect continued decline 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 continues to decline gradually inside the rising channel and may soon reach its lower boundary, as well as the important support level at 0.6600. After the recent fall we do not exclude the rising price correction with upside potential to 0.6800 and 0.6820. Our medium-term outlook remains negative with potential targets at 0.6450 and 0.6250.

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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