01.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD has fallen after some consolidation near the level of 1.1250 and reached the lower boundary of the rising channel. Its breaking and fixation lower than the nearest minimum at 1.1100 will be a signal to sell with the targets at 1.1000 and 1.0900. In case of a rebound quotations may grow to 1,1200-1,1300. Our medium-term outlook remains negative, but to open new positions we need new signals.
Nearest resistance levels: 1.1200, 1.1300, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700
Nearest support levels: 1.1100, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD after an unsuccessful attempt to overcome the resistance level at 1.5200, will continue to fall within the local descending channel and the current dynamics according to our estimates will continue in the near future till reaching the target level of 1.5000. In case of overcoming the resistance at 1.5200, quotes will continue to rise to 1.5350. Our medium-term outlook for the British pound is preserved negative.
Nearest resistance levels: 1.5200, 1.5350, 1.5460, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY keeps moving along the inclined support line and currently consolidates between it and the level of resistance at 120.50. A further increase in prices is possible till 121.50. Fixing of quotations outside the range of 118,00-121,50 will be a signal to open new positions. A more likely scenario according to our forecasts is a strong increase of quotes after the consolidation. Our medium-term outlook remains negative.
Nearest resistance levels: 121.50, 123.00, 124.50, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD after repeated rebound from the level of 0.6950 and overcoming level of 0.7000, continued its growth and approached the upper boundary of descending channel. In case of continued growth, quotation will reach 0,7200-0,7250. Fall of price in the near future is constrained by the levels of 0.6950 and 0.6900. We expect the resumption of the negative dynamics in the near future and maintain our negative medium-term outlook.
Nearest resistance levels: 0.7200, 0.7260, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800
Nearest support levels: 0.7000, 0.6900, 0.6750, 0.6600, 0.6500
Currencies trading and New Zealand dollar. The price of NZD/USD has grown to strong resistance level at 0.6400 and fixing above this mark will be the basis for continued growth to 0.6500 and 0.6600. The short-term upward momentum may continue in the near future to 0.6450, but we expect the change of movement direction of quotes in the near future and return to the closest support levels at 0.6320 and 0.6250. The medium-term outlook remains negative with the target at 0.6000.
Nearest resistance levels: 0.6400, 0.6500, 0.6600, 0.6700, 0.6800, 0.6850, 0.7000
Nearest support levels: 0.6320, 0,6250, 0.6200, 0.6000