03.11.2015 - Technical view
Currencies trading and euro. The price of EUR/USD is consolidating above the level of 1.1000. The growth of quotations in the near future is limited by the upper boundary of the channel and the level of resistance at 1.1100. On the other hand, breaking through support at 1.1000, will be the basis for the continuation of the negative dynamics with the first targets around 1.0900 and 1.0800. We are waiting for the signal to sell and recommend accumulating short positions on the euro. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1100, 1.1200, 1.1350, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.1000, 1.0900, 1.0850, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD after reaching the important level of resistance at 1.5500, started to correct downwards and at the moment is above 1.5400. A further drop in prices is possible to the levels 1.5350 and 1.5250 after which the negative dynamics may continue up to 1.5000. Overcoming the level of 1.5500 is unlikely and we are waiting the prices to continue falling in the near future.
Nearest resistance levels: 1.5500, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5350, 1.5250, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY is consolidating above the level of 120.50 and the amplitude of fluctuations of the price gradually declined, indicating a strong future price movement. Within the fall quotes can be reduced to the levels 119.00 and 118.00, but according to our forecasts the price will reach resistance at 121.50, the overcoming of which will be the basis for opening long positions with the first targets at 123.00 and 124.50. Our medium-term outlook remains positive.
Nearest resistance levels: 121.50, 123.00, 124.50, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 120.50, 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD reached the upper boundary of the downward channel, and the important resistance level at 0.7200. Overcoming this level will be reason for further growth of quotations to the nearest target levels at 0.7260 and 0.7300, after which growth may continue to 0.7400. At the moment, there is a substantial probability of resumption of the negative dynamics of prices in a downward channel to the target levels at 0.7000, 0.6900 and 0.6800. In this case, the stop should be set above the level of 0.7300. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7200, 0.7300, 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 continues to consolidate below the upper boundary of the local the descending channel and in the near future, according to our forecasts will fall to its lower limits and target levels at 0.6600. Tonight is forecasted the rise of price volatility. We expect falling prices in the short and medium term to the target levels around 0,6000-0,6200.
Nearest resistance levels: 0.6800, 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6700, 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200