11.09.2015 - Technical view

Currencies trading and euro. The price of EUR/USD after consolidation above 1.1200, continued to grow and reached the level of 1.1300. At the moment, we want to note the high probability of further upward momentum to 1.1400. Volatility in the near future will be high, but despite the growth opportunities in the near future, we keep a medium-term negative outlook.

Nearest resistance levels: 1.1300, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700

Nearest support levels: 1.1200, 1.1080, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD after fixation above 1.5350, continued to grow and reached the next target at 1.5460. In case of continuation of the current positive dynamics quotations will reach 1.5550 and 1.5675. The breaking of the inclined support line and a local minimum at 1.5350 will be the basis for opening short positions. Our medium-term outlook remains negative despite the possibility of further growth of quotations in the near future.

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 is consolidating above the inclined line of support and the level of 120.50. In order to continue growth quotations need to overcome an important level of 121.50. In case of success, we recommend to open long positions with the targets at 123.00, 124.50 and 125.00. Our medium-term outlook remains positive, and we are waiting for the signal to open new positions.

Nearest resistance levels: 121.50, 123.00, 124.50, 125.00, 125.70, 128.00, 130.00

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

Currencies trading and Australian dollar. The price of AUD/USD rebounded from the lower boundary of the descending channel and now is consolidating within the corridor 0,7050-0,7100. Further growth of price is limited by the resistance level 0.7200 and the upper limit of the downward channel. Our medium-term outlook remains negative, but at the same time, the current upward momentum may continue 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 moves within the range of 0,6250-0,6320. Growth of price is limited by the level of resistance at 0.6400. A more likely scenario in the near future is the continuation of the downward price movement to 0.6200 and 0.6000. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.6400.

Nearest resistance levels: 0.6320, 0.6400, 0.6500, 0.6600, 0.6700, 0.6800, 0.6850, 0.7000

Nearest support levels: 0,6250, 0.6200, 0.6000

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