09.12.2015 - Technical view
Currencies trading and euro. The price of EUR/USD corrected up to the level of 1.0900 and in case of continued upward momentum can reach the local level of resistance at 1.0950. In case of resumption of the downward dynamics quotations will continue to decline to 1.0800, after overcoming of which will continue to decline with the objectives at 1.0700 and 1.0550. We maintain a medium-term negative outlook and now have a good opportunity to open a short position with a stop above 1.0950.
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 decline within the descending channel and currently is around the level of 1.5000. In case of correction, quotations may grow to the upper boundary of the channel and the level of 1.5100, but more likely is a further decline to the levels of 1.4800 and 1.4600. 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 decreases within the corridor 122,30-123,60. In case of continuation of the current dynamics quotations will reach its lower limit, for overcoming of which will be needed a strong incentive. We expect growth of price in the medium term, and a signal for opening long positions will be fixing of price above the level of 123.60.
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 dropped to 0.7200, but was not able to continue to decline and in the near future may correct upwards. In case of return of quotations within the boundaries of the channel, the price will continue to rise to 0.7300 and 0.7400. Fixing below 0.7200 will be the basis for the price fall to the levels 0.7080, 0.7000 and 0.6900. 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 after a strong decline is consolidating below the level of 0.6650. At the moment, there is a possibility of price rebound from the lower boundary of the rising channel and the support level at 0.6600, which will increase to 0.6700 and 0.6800. On the other hand, fixation below the level of 0.6600 will be the basis for the fall of quotations to 0.6450 and 0.6250. Our medium-term outlook remains negative and we expect a strong increase in volatility today.
Nearest resistance levels: 0.6650, 0.6800, 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6600, 0.6500, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200