30.03.2016 - Technical view

Currencies trading and euro. The price of EUR/USD was able to break through an important resistance level at 1.1200 and reached the mark of 1.1300. Further increase in price is possible to the local maximum at 1.1340 and the resistance level at 1.1350. Overcoming these levels will be the basis for further growth to 1.1400 and 1.1500. According to our estimates, the growth potential is limited and we expect the resumption of the negative dynamics with objectives at 1.1050 and 1.0985. Our medium-term outlook remains negative.

Nearest resistance levels: 1.1350, 1.1400, 1.1450, 1.1500

Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD continued to rise and reached resistance at 1.4400. The nearest resistance level is 1.4500. The growth potential in the near future is limited and we expect the resumption of the negative dynamics in the near future with the objectives at 1.4000, 1.3860 and 1.3600. Our medium-term outlook remains negative.

Nearest resistance levels: 1.4400, 1.4500, 1.4640, 1.4700, 1.4800

Nearest support levels: 1.4365, 1.4180, 1.4000, 1.3860, 1.3600, 1.3500

Currencies trading and Japanese yen. The price of USD/JPY after reaching the inclined resistance line, started to decline, and has broken the lower boundary of the local rising channel. As a result, the price fell to the support level at 112.15. In case of its overcoming the negative dynamics will continue to 111,00. We maintain our medium-term positive outlook and expect the resumption of growth in the near future.

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 showed an increase and reached the lower boundary of the rising channel that had left earlier. Growth of price in the near future is limited by the local maximum on 0.7675. According to our estimates, the drop in prices may be resumed in the near future, and in this case the target levels will remain at 0.7400 and 0.7250. Our medium-term outlook is negative.

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 has shown strong growth and reached the level of 0.6875, and as a result has updated the maximum levels from the beginning of the year. In case of continued growth, the price may reach the marks 0.6900 and 0.7000. The more likely scenario, according to our estimates, will be the resumption of the negative dynamics of price with the objectives at 0.6600, 0.6450 and 0.6250. The medium-term outlook on the New Zealand currency 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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