09.09.2015 - ​Technical view

Currencies trading and euro. The price of EUR/USD is consolidated around the level of 1.1200 after breaking the upper limit of the downward channel local. Fixing the price above the level of 1.1200, it will be a signal for opening long positions with the targets at 1.1300 and 1.1400. On the other hand, now there is a high probability of resumption of the downward price movement with its nearest objectives at 1.1080 and 1.1000. 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: 1.1080, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550

Euro and Dollar Exchange Rate

Currencies trading and British pound. The price of GBP/USD has stabilized near the level of 1.5400 and in case of further growth will reach the resistance level at 1.5460. It is worth noting that today is projected the rise in volatility in which the quotes can return to the support level at 1.5350 and 1.5200. Our medium-term outlook is negative and we expect strong price movement today.

Nearest resistance levels: 1.5460, 1.5550, 1.5675, 1.5700, 1.5800, 1.5900

Nearest support levels: 1.5350, 1.5200, 1.5000, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY has broken the upper boundary of the descending corridor and may soon reach the critical level of 121.50. Fixing the price above this mark will confirm a buy signal with its nearest objectives at 123,00 and 124,50. A drop in prices is limited by the levels of 119.00 and 118.00. Our medium-term outlook remains positive, but we recommend to wait for the signal to open new positions.

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 within the inclined upward correction has broken through the resistance line and the level of 0.7000. In case of continued ascending price movement quotations can reach the important level of 0.7200 and the upper limit of the downward channel. With the resumption of the negative dynamics, the closest target level will be 0.6900. Our medium-term negative view remains unchanged.

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 rebounded from the level of 0.6250 and showed strong growth within the correction. As a result, the price has reached the level of 0.6400 and in case of overcoming this mark, the upward movement will continue to 0.6500 and 0.6600. According to our estimates, the more likely is the resumption of the downward movement of price to the local minimums. Our medium-term outlook remains negative with the target at 0.6000.

Nearest resistance levels: 0.6400, 0.6500, 0.6600, 0.6700, 0.6800, 0.6850, 0.7000

Nearest support levels: 0.6320, 0.6200, 0.6000

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