08.12.2015 - Technical view
Currencies trading and euro. The price of EUR/USD continues to fall within the local correctional channel after strong growth last week. Currently quotes are near the upper boundary of the channel, and in case of breaking through it may continue to rise to 1.0900. At the moment, there is a high probability of renewal of the negative dynamics of prices and after overcoming a local minimum at 1.0800, the decline will continue with objectives at 1.0700 and 1.0550. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 1.0900, 1.1000, 1.1100, 1.1200, 1.1350, 1.1450
Nearest support levels: 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200, 1.0000
Currencies trading and British pound. The price of GBP/USD continues to gradually decline and will soon reach the psychologically important level of 1.5000. Fixing the price below this mark will be the basis for the continuation of the negative dynamics of price to 1.4800 and 1.4600. The growth in the near future is limited by the levels of 1,5100-1,5150. Our medium-term outlook remains negative.
Nearest resistance levels: 1.5200, 1.5250, 1.5300, 1.5500, 1.5675, 1.5700, 1.5800
Nearest support levels: 1.5000, 1.4800, 1.4700, 1.4600
Currencies trading and Japanese yen. The price of USD/JPY was not able to reach the resistance level at 123.60 and started to decline within the corridor 122,30-123,60. The fall is limited by the lower boundary of the corridor. Overcoming the strong resistance at 123.60, will be the basis for the continued growth of price to 124.50 and 125.70 in the near future. Our medium-term outlook remains positive, and we are waiting for the signal for opening long positions.
Nearest resistance levels: 123.60, 124.50, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 122.30, 121.50, 120.50, 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD has continued to fall and was able to break through the lower boundary of the rising channel. In the near future the price will reach an important level of 0.7200, fixation below which will become the basis for further price decline to 0.7080, 0.7000 and 0.6900. In case of resumption of growth, quotes will reach the level of 0.7300. Our medium-term outlook remains negative.
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
Currencies trading and New Zealand dollar. The price of NZD/USD stabilized around the level of 0.6650 after a sharp decline in recent days. In case of breaking the important support level at 0.6600 and the lower boundary of the rising channel, we recommend to open short positions with the targets at 0.6450 and 0.6250. At the moment, there is the possibility of renewed growth within the channel with a potential increase to 0,6750-0,6800. We maintain a medium-term negative outlook and are waiting for the confirmation of the signal to sell.
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