10.12.2015 - ​Technical view

Currencies trading and euro. The price of EUR/USD after correction to the level of 1.0800, rebounded from it and showed strong growth in during which reached the psychologically important mark of 1.1000. Within the current increase quotations can reach the nearest target at 1,1080-1,1100. In case of correction, quotes will return to support at 1.0950. Volatility will remain elevated in the near future. We are waiting for the fall of prices in the medium term and are looking for a signal to open short positions.

Nearest resistance levels: 1.1000, 1.1100, 1.1200, 1.1350, 1.1450

Nearest support levels: 1.0900, 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200, 1.0000

Currencies trading and British pound. The price of GBP/USD has shown strong growth and approached the important resistance level at 1.5200. Further price increase is limited by the upper boundary of the local rising channel and level of 1.5250. Now there is probability of correction of price to 1.5100. Volatility in the near future will remain elevated and we expect falling prices in the medium term.

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 within the strong downward impulse approached the level of 121.50 and rebounded upwards. In case of the continuation of the current correction, quotes will rise to 122.30. Further decline is possible to 120.50. We expect the resumption of growth of price after the current decline and maintain the medium-term negative outlook.

Nearest resistance levels: 122.30, 123.60, 124.50, 125.00, 125.70, 128.00, 130.00

Nearest support levels: 121.50, 120.50, 119.00, 118.50, 118.00, 117.00

Currencies trading and Australian dollar. The price of AUD/USD has shown strong growth, but could not overcome the level of 0.7300 and now is corrected downwards. In case of the continuation of the downward dynamics quotations will return to the support at 0.7200 and then may continue to decline to 0.7080 and 0.7000. We maintain a negative medium-term outlook for the Australian dollar, but expect a high level of volatility.

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 continues to grow within the local ascending channel after rebounded from the support level at 0.6000 and the lower boundary of the channel. As a result, the price approached the level of 0.6800 and the upper boundary of the channel, but could not overcome them. In case of correction, quotations will return to the level of 0.6650. We keep our negative view on the New Zealand dollar and wait for the signal to open short positions.

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

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