09.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD has broken through the inclined resistance line and continued to consolidate around the level of 1.1300, after rising of volatility yesterday. Fixing the price above 1.1300, will be a reason for further growth with the objectives at 1.1400 and 1.1620. The fall is limited by the lower boundary of the rising channel and its breaking will lead to further drop in prices to 1.1100. In the medium term, we expect a price drop to the levels of 1.0700 and 1.0500, but growth may continue in the near future.
Nearest resistance levels: 1.1300, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700
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 has continued growth after consolidation above the level of 1.5250 and overcoming resistance at 1.5350. This fact is a strong signal for the continued growth of quotations to the nearest target level at 1.5460 and the upper limit of the downward channel. In case of correction, quotes can be reduced to 1.5250, but this scenario is unlikely. Our medium-term outlook remains negative, but a positive trend is likely to continue in the near future.
Nearest resistance levels: 1.5460, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5350, 1.5250, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY not has broken through inclined support line and began to correct upwards. Within the current upward trend, quotations are likely to reach a level of resistance at 120.50 and then the upward movement may continue to 121,50. In case of breaking through the sloping support line the price may fall to 119.00 and 118.00. We expect price growth after the current consolidation of price.
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 continued to rise after breaking through the important resistance level at 0.7260. In case of fixing above this level will be formed a double bottom figure, which indicates a change in trend to positive. Our medium-term outlook remains negative, but it can be revised in the near future.
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 came close to the target level at 0.6700 after overcoming the important resistance level at 0.6600. The breaking of this mark will open the way for continued growth, with the target at 0.7000. It is worth noting the growth of the probability of a downward price correction to the nearest support level at 0.6600. Our medium-term outlook remains negative.
Nearest resistance levels: 0.6700, 0.6800, 0.6850, 0.7000
Nearest support levels: 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000