29.03.2016 - ​TECHNICAL VIEW by fxfinpro capital

Currencies trading and euro. The price of EUR/USD after some consolidation, showed an upward movement within the correction and reached the important resistance level at 1.1200. Overcoming and fixing the price above this level will become a signal for future price increase to 1.1350. On the other hand, there is a high probability of prices decline to 1.1050, 1.0985 and 1.0850 in the near future. Our medium-term outlook remains negative and we are waiting for the resumption of the negative dynamics in the coming days.

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 showed an increase during which returned to the ascending channel frames, which has left earlier. The next upside target level in case of continued growth will be 1.4400. According to our estimates, prices fall will resume in the near future, and in this case, the levels of 1.4000 and 1.3840 will become the closest targets. Our medium-term outlook remains negative.

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

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

Currencies trading and Japanese yen. The price of USD/JPY after a slight correction within the local rising channel, continued the growth and approached the inclined line of resistance, after breaking through which can grow up to 114.70. It should be noted that fixing above 114.70 will be a strong signal for future growth with the objectives at 117.00, 118.80 and 121.50. Our medium-term outlook remains positive and fall within the correction is possible up to 111.00.

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 has shown weak growth and approached to the resistance level at 0.7575. Breaking of this level will be the cause for price to continue rising to 0.7675. According to our forecasts, the price downward dynamics in the near future is more likely and closest target is 0.7400, after breaking through which we expect the decline to 0.7250 and 0.7100. Our medium-term outlook remains 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 showed an increase within the correction. In case of continued growth quotations reached the levels 0,6800-0,6820. Despite current growth, we expect the resumption of the fall in the near future to 0.6600 and the lower boundary of the channel, a break of which will be the basis for the continuation of the negative dynamics to the levels 0.6450 and 0.6250. Our medium-term outlook 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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