14.09.2015 - Technical view
Currencies trading and euro. The price of EUR/USD has overcome the level of 1.1300 and continued growth. According to our estimates, quotes, with a high probability will reach the level of 1.1400, after which can grow up to 1.1500. Despite this, we expect a resumption of the downward movement and the reduction of quotations in the medium term. This week, we will also see strong price movements. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1400, 1.1450, 1.1500, 1.1620, 1.1700
Nearest support levels: 1.1300, 1.1200, 1.1080, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD continues to consolidate below 1.5460. In case of overcoming this mark, quotes will likely continue to rise to 1.5550 and 1.5675. On the other hand breaking through a sloping support line will cause the price return to the support level at 1.5350 and 1.5200. We maintain a medium-term negative outlook, and expect increased volatility this week.
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 moves within a narrow corridor near the important level of 120.50. Continued growth and consolidation above resistance at 121.50 will be a signal for opening long positions with the targets at 123.00 and 124.50. On the other hand decline is limited by the levels of support at 119.00 and 118.00. Our medium-term outlook remains positive.
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 of 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 along the level of 0.6320. Further growth is possible only within the correction to the level of 0.6400. According to our forecasts, the more likely is a continuation of the downward movement. The breaking of a local minimum at 0.6250, will be the cause for the continuation of the downward price movement to 0.6200 and 0.6000. Our medium-term outlook remains negative.
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