13.11.2015 - Technical view
Currencies trading and euro. The price of EUR/USD showed growth yesterday and tried to overcome the level of 1.0800, but was unable to continue its growth. In case of continued upward momentum quotations may reach the upper limit of the downtrend channel and resistance at 1.0900. In order to continue negative dynamics quotations need to overcome the support level at 1.0700. Our medium-term outlook remains negative and we are waiting for the fall in the near future.
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 continues to move along the inclined line of support and now is consolidating around the level of 1.5200. The price increase is limited by the sloping line of resistance after breaking through which quotations may reach the level of 1.5350. Breaking of the sloping line of support will lead to the resumption of the fall of the prices with the objectives at 1.5100 and 1.5000. Our medium-term outlook remains negative and we expect increased volatility today.
Nearest resistance levels: 1.5250, 1.5350, 1.5500, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5200, 1.5000, 1.4800, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY corrected downwards. The price has returned to the rising channel and may continue to fall to its lower boundary and the level of 121.50, the overcoming of which is unlikely. After completion of the ongoing correction of the growth according to our forecasts will continue to 124,50 and 125,40. Our medium-term outlook remains negative.
Nearest resistance levels: 123.00, 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 yesterday's correction, has restored positions and at the moment is near the upper boundary of the downward channel. In case of breaking through the upper limit of the channel, the price will rise to 0.7200. More likely in the near future is the continued fall of prices in a downward channel to the target levels at 0.7000, 0.6900 and 0.6800. We maintain a medium-term negative outlook.
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 is consolidating between the inclined line of resistance and support level at 0.6500. In case of starting correction quotes will rise to 0.6600 and the upper limit of the downward channel. On the other hand, after overcoming the level of 0.6500, quotes will continue to drop to 0.6400 and 0.6250. We expect falling prices in the medium term, but do not exclude the correction in the near future.
Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6500, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200