29.01.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continues to show strong of volatility and within the growth approached the important resistance level at 1.0985. In the case of overcoming it, quotes will continue to rise to 1.1050 and 1.1200. On the other hand, the decline is likely to resume in the near future with the first target at 1.0800 and then may continue to 1.0550. We maintain a medium-term negative outlook, and today will see increased volatility.
Nearest resistance levels: 1.0985, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450
Nearest support levels: 1.0900, 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200
Currencies trading and British pound. The price of GBP/USD is located near the upper boundary of the triangle at 1.4365. Fixing the price above this level will confirm a buy signal with the objectives at 1.4500 and 1.4700. On the other hand, breaking through the channel's lower border, and the level of 1.4420, is the reason for the continuation of the negative dynamics to 1.4080 and 1.4000. Our medium-term outlook remains negative and we are waiting for the high level of volatility today.
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
Currencies trading and Japanese yen. The price of USD/JPY after a long price consolidation near the level of 118.80, showed strong growth and reached the nearest target level of 120,20 and has overcome the upper limit of the local downward channel. In case of correction, quotations can return to the level of 118.80, but according to our forecasts, growth will continue and the price will reach the level of 121.50 and 122.30. Our medium-term outlook remains positive and we recommend opening long positions.
Nearest resistance levels: 120.60, 121.50, 122.30, 123.60
Nearest support levels: 120.20, 118.80, 117.00, 116.50, 116.00, 115.00
Currencies trading and Australian dollar. The price of AUD/USD continued growth inside the rising channel and has overcome the resistance level at 0.7050, which is a confirmation of the change of the local trend from negative to positive. In this regard, we expect continued growth in prices in the near future, with the potential of achieving marks 0.7180 and 0.7350. The fall within the correction is possible up to 0,7000-0,7050. Our medium-term outlook remains negative, but the current growth may continue in the near future.
Nearest resistance levels: 0.7180, 0.7350, 0.7400, 0.7500
Nearest support levels: 0.7050, 0.6840, 0.6800, 0.6750, 0.6600
Currencies trading and New Zealand dollar. The price of NZD/USD after a sharp decline of price yesterday has restored the lost ground and reached the inclined resistance line. In case of breaking through it, the growth will continue to 0.6600. On the other hand there is the possibility of renewed negative dynamics with the immediate objectives at 0.6320 and 0.6250. Our medium-term outlook remains negative and we expect a strong increase in volatility today.
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