14.12.2015 - Technical view
Currencies trading and euro. The price of EUR/USD was unable to gain a foothold above the level of 1.1000 and corrected to the angled support line. In case of breaking through and overcoming the local minimum around 1.0930, the fall may continue until 1.0800 and 1.0700. On the other hand, within the current growth, positive dynamic may continue to 1,1080-1,1100 in the near future. Our medium-term outlook remains negative.
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 gradually increased within the local ascending channel and breaking of 1.5200 will lead to continued upward momentum to 1,5300-1,5350. In case of reduction quotes may fall to the bottom of the channel and the level of 1.5000. We expect falling prices in the medium term, and expect strong growth of volatility in the near future.
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 corrected upwards in the descending channel and may soon continue the current growth to 121.50 and the upper limit of the local downward channel. In case of overcoming the level of 120.50, there is a high probability of continuation of the negative dynamics of prices to the level of 119.00. Our medium-term outlook remains positive, despite the possible continuation of falling.
Nearest resistance levels: 121.50, 122.30, 123.60, 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 after approaching the price to the level of support at 0.7150, started to correct upwards and at the moment is located around the level of 0.7200. Within the local descending channel, the price correction may continue to 0.7250 and its upper border. We expect falling prices in the medium term with the potential of decrease to 0,6800-0,6900.
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 is corrected inside the rising channel, and is currently located around the level of 0.6700. In case of renewal of falling price, quotes will reach the level of 0.6800. According to our estimates, in the near future the dynamics of price will change to the negative, and we are waiting for a sell signal with a potential decline to 0.6450 and 0.6250. Our medium-term outlook remains negative.
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