07.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD rebounded from the lower boundary of the rising channel and reached the sloping resistance line. Its penetration and fixation above 1.1300 will be the basis for continued growth with the first targets at 1.1400, 1.1450 and 1.1620. On the other hand breaking through the channel's lower border and overcoming the important support level at 1.1100 will be a signal for opening short positions. Our medium-term outlook remains negative, but we do not exclude the continuation of growth in the near future.
Nearest resistance levels: 1.1300, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700
The nearest support levels: 1.1200, 1.1100, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD was fixed outside the local downtrend channel and has grown to the level of resistance at 1.5250, a breaking of which will be a buy signal with the objectives at 1.5350 and 1.5460. In case of resumption of the downward movement, quotes will return to the marks around 1.5100 and will continue falling till 1.5000. Our medium-term outlook remains negative despite the potential for growth in the near future.
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 after some consolidation near the important resistance level at 120.50, has started to decline and returned to around 120.00. Consolidation of quotations between the inclined support line and resistance at 120.50 is likely to continue in the coming days. The signal to buy will serve the overcoming of resistance at 121.50. Fall is limited by the levels of support at 119.00 and 118.00. 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 continues steady growth after overcoming the resistance level at 0.7080. The next upside target level remains 0,7200-0,7260, the overcoming of which is unlikely. Fall of prices according to our estimates will resume soon and quotes will return to the important level around 0.7000. Our medium-term outlook is pessimistic.
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 has reached the target level at 0.6600 and currently is trying to overcome it. In case of success, quotes will continue to increase to 0.6700. It is worth noting a significant increase in the beginning of a downward price correction with the first targets at 0,6450-0,6500. Our medium-term outlook remains negative and we expect a drop in prices in the near future.
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