03.09.2015 - Technical view
Currencies trading and euro. The price of EUR/USD reduced to the level of 1.1200 and a sloping support line and can rebound up to the level of 1.1400. On the other hand, consolidation below the support level at 1.1200, will confirm the signal for opening short positions with a potential drop to 1.1080 and 1.1000 in the near future. We maintain a medium-term negative outlook and are waiting for the signal to open new positions.
Nearest resistance levels: 1.1300, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700
Nearest support levels: 1.1200, 1.1080, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD is consolidated within the local descending channel after overcoming the important level of 1.5350, which was the basis for the further price decline to the levels 1.5200 and 1.5000. Within the correction, the price of the British currency may rise to the level of 1.5460. We maintain a medium-term negative outlook, and expect falling prices in the near future.
Nearest resistance levels: 1.5350, 1.5460, 1.5550, 1.5675, 1.5700, 1.5800, 1.5900, 1.6000
Nearest support levels: 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY has returned to the important level of 120.50 and in the case of overcoming this mark will continue to grow to the next resistance at 121.50. The breaking of this mark will be the basis for opening long positions with the targets at 123.00 and 124.50. The fall is limited by the levels of 119.00 and 118.00. Our medium-term outlook remains positive and we expect increased volatility tomorrow.
Nearest resistance levels: 120.50, 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 a slight rebound has returned to the psychologically important level of 0.7000. Overcoming this mark and the lower limit of the medium-term descending channel will be a reason for further fall in prices to the levels 0.6800 and 0.6750. It is worth noting the probability of upward price correction to the levels 0.7200 and 0.7260. Despite this, we maintain a medium-term negative outlook.
Nearest resistance levels: 0.7200, 0.7260, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800, 0.7840
Nearest support levels: 0.7000, 0.6750
Currencies trading and New Zealand dollar. The price of NZD/USD continues to consolidate above 0.6320 and broke through the sloping resistance line. Further price correction is possible to the levels 0.6400 and 0.6500. Despite the possibility of price correction in the near future, we expect a further fall to the target levels at 0.6200 and 0.6000 and maintain the medium-term pessimistic forecast.
Nearest resistance levels: 0.6400, 0.6500, 0.6600, 0.6700, 0.6800, 0.6850, 0.7000, 0.7080
Nearest support levels: 0.6320, 0.6200, 0.6000