09.11.2015 - Technical view
Currencies trading and euro. The price of EUR/USD showed a sharp drop in prices after some consolidation below 1.0900 and fixing under this mark. As a result, the price will reach the target level at 1.0700 and the lower limit of the downward channel. Currently quotes are corrected upwards and within growth can reach the marks of 1.0800 and 1.0900. Our medium-term outlook remains negative and after the completion of the correction, the price will resume its decline before the target marks near 1,0450-1,0500.
Nearest resistance levels: 1.0800, 1.0900, 1.1000, 1.1100, 1.1200, 1.1350, 1.1450, 1.1500
Nearest support levels: 1.0700, 1.0550, 1.0500, 1.0450
Currencies trading and British pound. The price of GBP/USD showed a strong decline, and after breaking through the level of 1.5200 has continued to fall and reached the level of 1.5050. At the moment, the price increases due to correction and may reach the level of 1.5200. Our medium-term outlook remains negative with the objectives at 1.5000 and 1.4800.
Nearest resistance levels: 1.5200, 1.5250, 1.5350, 1.5500, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5000, 1.4800, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY after consolidation above level of 121.50 showed strong growth during which was able to overcome the upper boundary of the rising channel and the level of 123,00. The closest target will be mark of 124.50, and then growth may continue to 125,40 and 127,00. We expect price growth in the near future and in the medium term.
Nearest resistance levels: 124.50, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 123.00, 121.50, 120.50, 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD corrected upwards after a sharp fall on Friday. The price was not able to reach the psychologically important level of 0.7000, and the lower limit of the downward channel. Current growth is limited by the level of 0.7080, after overcoming of which price can reach the upper boundary of the channel. We recommend keeping short positions and expect the price decline in the near future and medium term.
Nearest resistance levels: 0.7200, 0.7300, 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 dropped to 0.6500 after breaking through the lower limit of the downward channel. Now we see an upward correction of price, which is limited by the lower boundary of the channel and the level of 0.6600. According to our estimates, the decline will continue in the near future and in the medium term and we recommend holding short positions with a stop above 0.6650 and targets near 0,6200-0,6250.
Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6450, 0.6400, 0.6320, 0.6250, 0.6200