01.12.2015 - Technical view

Currencies trading and euro. The price of EUR/USD continues to move along the upper boundary of the descending channel and now is consolidating below 1.0600. In case of continued negative dynamics, the closest targets will be 1.0500 and 1.0450. The upward correction in the near future is possible to the level of 1.0700. Our medium-term outlook remains negative with the objectives at 1.0200 and 1.0000 and we expect increased volatility in the near future.

Nearest resistance levels: 1.0700, 1.0800, 1.0900, 1.1000, 1.1100, 1.1200, 1.1350, 1.1450

Nearest support levels: 1.0550, 1.0500, 1.0450, 1.0200, 1.0000, 0.9600

Currencies trading and British pound. The price of GBP/USD after reaching the desired level of 1.5000, rebounded from it and started to adjust upward. Further growth is possible in the correction to the levels 1,5200-1,5250. To continue negative dynamics, the price is necessary to overcome the psychologically important level of 1.5000. Our medium-term outlook remains negative.

Nearest resistance levels: 1.5200, 1.5250, 1.5300, 1.5500, 1.5675, 1.5700, 1.5800, 1.5900

Nearest support levels: 1.5000, 1.4800, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY decreases within the corridor 122,50-123,50. For the continuation of growth, quotations need to overcome the upper limit of the corridor. In this case, the closest target levels will be 124.50 and 125.70. On the other hand fixing the price below 122.50 will be the signal for opening short positions with the potential decline to 121.50 and 120.50.

Nearest resistance levels: 123.50, 124.50, 125.00, 125.70, 128.00, 130.00

Nearest support levels: 122.50, 121.50, 120.50, 119.00, 118.50, 118.00, 117.00

Currencies trading and Australian dollar. The price of AUD/USD could not continue to decline after approaching the lower boundary of the local rising channel. As a result, price growth has resumed and quotations reached local highs around 0.7275. For the continuation of growth quotations need to overcome the resistance at 0.7300. Our medium-term outlook remains negative, despite the current growth.

Nearest resistance levels: 0.7300, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800

Nearest support levels: 0.7200, 0.7150, 0.7080, 0.7000, 0.6900, 0.6750, 0.6600, 0.6500

Currencies trading and New Zealand dollar. The price of NZD/USD after a long consolidation within the range 0,6500-0,6600, managed to break through its upper limit and the boundary of the descending channel. Fixing the price above 0.6600 will be the basis for the growth of price to the levels near 0.6800. In case of renewal of negative dynamics, target levels will be 0.6500, 0.6450 and 0.6250. Our medium-term outlook remains negative, despite the possibility of further upward price movement in the near future.

Nearest resistance levels: 0.6650, 0.6800, 0.6900, 0.7000, 0.7200

Nearest support levels: 0.6600, 0.6500, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200

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