11.12.2015 - Technical view
Currencies trading and euro. The price of EUR/USD was unable to gain a foothold above the level of 1.1000 and started to correct downward. In case of continued downward movement, quotations may reach the levels of 1.0900 and 1.0800. Now there is a possibility of positive dynamics of prices of euro with the upside potential to 1.1000 and 1.1080. Our medium-term outlook remains negative and we are waiting for increased volatility in the near future.
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 reduced after some price consolidation below 1.5200. In case of further decline quotations will reach the support at 1.5000 and the lower boundary of the channel. On the other hand, growth in the near future is possible to 1.5250 and 1.5350. Our medium-term outlook remains negative and volatility will remain high in the next week.
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 was unable to gain a foothold below 121.50 and started to correct upwards. Within the growth, the price will approach the important mark of 122.30 and the upper boundary of the local descending channel. In case of overcoming these levels quotations will rise to 123.60. The fall in the near future is limited by the support level at 121.50 and 120.50. Our medium-term outlook remains negative.
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 after the strong growth and reaching the level of 0.7300, resumed its decline and may soon reach the level of 0.7200, the overcoming of which will be the basis for the continuation of the negative dynamics of prices to the levels of 0.7080 and 0.7000. Possible increase in the near future is limited by the levels of 0.7300 and 0.7400. Our medium-term outlook remains negative and we are waiting for the signal to sell.
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 consolidate below the important level of resistance at 0.6800, the overcoming of which in the near future is unlikely. In case of resumption of negative dynamics, the price will reach objectives near 0,6600-0,650 and the lower boundary of the rising channel. Our medium-term outlook remains negative and at the moment it is possible to open a short position with a small stop above 0.6800.
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