02.12.2015 —Technical view
Currencies trading and euro. The price of EUR/USD yesterday corrected upwards, but could not continue the upward movement and renewed fall. In case of the continuation of rising dynamics, quotes will reach the resistance at 1.0700, after overcoming of which growth may continue to 1.0800. The probability of the continuation of the negative dynamics in the near future is above average, and we maintain a medium-term negative outlook with the targets of 1,0500, 1.0200 and 1.0000.
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 upper limit of the downward channel resumed falling and In the near future may return to the level of 1.5000 and decline further to 1.4800 and 1.4700. The breaking of the top of the channel and consolidation above 1.5100, will be the reason for the continuation of growth of price to 1.5200 and 1.5250. Our medium-term outlook remains negative and we expect fall in the near future.
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 continues to consolidate within the range 122,50-123,50. Overcoming the upper limit of the corridor will be a signal for the continuation of growth of price to the levels 124.50 and 125.70. In case of fixing below 122.50, the downward movement will continue until the 121.50 and 120.50. We expect continued growth in the medium term and a strong price movement after the current consolidation.
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 after the strong growth inside the rising channel, started to correct and can continue downward movement to the level of 0.7200 and the bottom of the channel. A further increase in prices within the channel is possible to the level of 0.7400. We maintain a medium-term negative outlook, but do not rule out a continuation of growth price In the near future.
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 reached the upper boundary of the local rising channel and was able to overcome the resistance levels at 0.6600 and 0.6650. This fact is the basis for continued growth in price to the target level at 0.6800. At the moment, there is a possibility of correction in price within the channel with the potential of reduction to 0.6600 and the bottom of the channel.
Nearest resistance levels: 0.6800, 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6650, 0.6600, 0.6500, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200