17.03.2016 - ​TECHNICAL VIEW

Currencies trading and euro. The price of EUR/USD was not able to overcome the support level at 1.1050 and rebounded upwards. As a result, quotations reached the level of 1.1200, and continues to consolidate close to this mark. If the price fixates above this level, quotations will rise to 1,1350-1,1400. In the case of resumption the negative dynamics quotes will return to support at 1.1050. Our medium-term outlook remains negative despite the current growth of price.

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 a decline to the support level at 1.4080, started to correct upwards. A further increase in prices in the near future, is possible to the level of 1.4365. We expect a continuation of the negative dynamics of price in the coming months and, according to our estimates, the current expansion has a limited potential.

Nearest resistance levels: 1.4365, 1.4400, 1.4500, 1.4640, 1.4700, 1.4800

Nearest support levels: 1.4080, 1.4000, 1.3860, 1.3600, 1,3500

Currencies trading and Japanese yen. The price of USD/JPY was not able to continue its growth and overcome 114.00 and showed a sharp drop of price. The nearest support level is 111.00 breaking through which is unlikely. After the recent fall, we expect the resumption of positive dynamics of price with the objectives at 114.70, 118.80 and 121.50. Our medium-term outlook remains positive and the signal for opening long positions will be fixing above the level of 114.70.

Nearest resistance levels: 114.70, 116.00, 118.80, 120.20, 121.50, 122.30

Nearest support levels: 113.00, 112,00, 111.00, 110.00

Currencies trading and Australian dollar. The price of AUD/USD after correction within which approached 0.7400, has jumped upwards and reached a level of 0.7600. While maintaining the current upward trend, quotations may reach the levels 0,7700-0,7800, but more likely is the resumption of the negative dynamics in the near future. Our medium-term outlook remains negative despite the current increase in price.

Nearest resistance levels: 0.7700, 0,7800, 0,6000

Nearest support levels: 0.7500, 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 after some consolidation around the level of 0.6600 showed strong growth during which reached the next resistance level at 0.6750. A further price increase is limited by a local maximum at 0.6820. To overcome this level will be needed a strong impulse. We look forward to the resumption of a negative price dynamics in the near future and maintain the medium-term negative outlook.

Nearest resistance levels: 0.6800, 0.6900, 0.7000

Nearest support levels: 0.6600, 0,6560, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000


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