14.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD is still trying to overcome the level of 1.1400, which will allow to continue its upward movement within the local rising channel. The target level in case of continued growth will be 1.1450, 1.1500 and 1.1620. The breaking of the lower boundary of the local rising channel and overcoming the level of local minimum at 1.1350 will be the basis for opening short positions with the potential of decline to 1.1200 and lower boundary of the descending channel. 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, 1.1100, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD following some consolidation within the corridor 1,5300-1,5375, started reducing within which returned to the level of 1.5200. Currently quotes are corrected upwards after yesterday's fall, but in the near future there is a high probability of renewal of the negative dynamics. The price volatility today will be increased. Our medium-term outlook remains negative.
Nearest resistance levels: 1.5350, 1.5460, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5250, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY has broken through the angled line of support and in the near future may continue to move downwards to 119.00. On the other hand, breaking of 120.50 will lead to reaching the level of 121,50 overcoming of which will be a strong signal for opening long positions. Our medium-term outlook remains positive and the current downward movement is likely to be completed soon.
Nearest resistance levels: 120.50, 121.50, 123.00, 124.50, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD after the strong growth last week, corrected down to the sloping line of support and important level of 0.7200. A break of these levels will be the basis for the continuation of the negative dynamics with the first targets at 0.7080, 0.7000 and 0.6900. The growth in the near future is limited by the resistance around 0.7400. We expect the decline in prices in the medium term and maintain a medium-term negative outlook.
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 decreased within the ascending channel and reached the lower boundary near which continues to consolidate at the moment. Fixing above the strong the level at 0.6700 will be a signal for continued growth of quotations with the objectives at 0.6850 and 0.7000. On the other hand, breaking of 0.6600 will be the reason for the change of the local trend from positive to negative. Our medium-term outlook remains negative.
Nearest resistance levels: 0.6700, 0.6800, 0.6850, 0.7000
Nearest support levels: 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200, 0.6000