06.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD has fallen inside the rising channel to its lower border, and at the moment has stabilized below the important level of 1.1200. Moving beyond the channel and breaking through the local minimum at 1.1100 will confirm the signal for the opening short positions with the targets at 1,1000 and 1,0900. Growth is limited by the inclined resistance line. Our medium-term outlook remains negative.
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 decreased after an unsuccessful attempt to overcome the level of 1.5250. The growth of quotations in the near future is limited by the level of 1.5250, and breaking through this resistance will lead to a further increase to 1.5350. Within the downward movement quotations probably will reach the level of 1.5000. Our medium-term outlook remains negative with the target at 1.5000.
Nearest resistance levels: 1.5250, 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 returned to the important level of 120.50 and stabilized below it. Overcoming this mark will be the basis for the continuation of the positive dynamics of price to 121.50, fixing above which will confirm the signal for opening long positions. At the moment, there is a possibility of short-term downward correction. 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: 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD after the release from the descending channel was able to gain a foothold above the level of 0.7080 and continued upward movement of quotations to target levels 0,7200-0,7260. On the other hand, overcoming the given levels is unlikely, and we expect the resumption of a downward price movement in the near future. Our medium-term outlook remains negative.
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 continued upward movement after breaking through the local maximum at 0.6450 and reached 0.6500 near which is consolidating at the moment. In case of continuation of the upward movement, quotes will reach the level of 0.6600. In the near future we expect to see a resumption of the negative dynamics from the first targets around 0.6250. The medium-term outlook remains negative.
Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6850, 0.7000
Nearest support levels: 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000