02.10.2015 - Technical view

Currencies trading and euro. The price of EUR/USD continues to move along the bottom of the rising channel. In case of the resumption of growth in this corridor, quotes will rise to 1.1300 and 1.1400. Confirmation of the signal for opening short position will be breaking through the bottom of the channel and fixing below the important level of 1.1100. Our medium-term outlook remains negative and we are waiting for the signal to open new positions.

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 has been steadily declining within the local descending channel after overcoming the important support level at 1.5200. Nearest target level is 1.5000. Within the correction quotes can return to the level of 1.5200 and 1.5350. Our medium-term outlook remains negative, but the downside potential has recently declined.

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 continues to consolidate below 120.50. The amplitude of fluctuations of the price continued to decline, and this fact is the basis for the forecast of a strong price movement in the near future. The signal for opening short position will be breaking through the sloping line of support and fixing below 119.00. Long position should be opened after fixing the quotes above 121.50. We keep medium-term positive outlook.

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 could not continue to grow after reaching the upper limit of the downward channel. At the moment, there is a high probability of continuation of the negative dynamics of price within a downtrend. Growth of price in the near future is limited by local resistance level near 0.7100. Our medium-term outlook remains negative and we recommend holding short positions.

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 after reaching the mark of 0.6450 stopped growing and changed the direction of price movement. Currently quotes are below the level of 0.6400, and we want to note the possibility of opening short positions with a stop above the local maximum at 0.6450 and a target at 0.6250. Our medium-term outlook remains negative.

Nearest resistance levels: 0.6400, 0.6450, 0.6600, 0.6700, 0.6800, 0.6850, 0.7000

Nearest support levels: 0.6320, 0.6250, 0.6200, 0.6000

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