15.09.2015 - Technical view
Currencies trading and euro. The price of EUR/USD slightly corrected yesterday and may soon continue the upward price movement to the level of 1.1400. At the same time, it is worth noting that the quotes may fall to 1.1200 and the lower boundary of the rising channel. Fixing the price below these levels will become the basis for opening short positions with the targets at 1,1000 and 1,0900. Our medium-term outlook is negative, despite the possibility of growth in the near future.
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 could not overcome the important resistance level at 1.5460 and is consolidating below it. It is worth noting that the price broke through the inclined support level and in case of overcoming and fixation below 1.5350, quotes, will continue to fall to 1.5200 and 1.5000. After overcoming the resistance at 1.5460, the growth of quotations is possible to 1.5550 and 1.5675. Our medium-term outlook remains negative.
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 slightly decreased, but continues to move within a range 118,00-121,50. In case of further fall quotations may reach a local minimum around 118.00, but on the other hand, the overcoming of 121.50 will be a signal for opening long positions with the targets at 123.00 and 124.50. We expect the growth of quotations in the medium term and increased volatility this week.
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 corrected down today, but in the near future may continue to rise to 0.7200 and the upper limit of the downward channel. The breaking of these levels will be the basis for further growth of quotations to 0.7400. On the other hand, we forecast the imminent end of the growth and the resumption of downward momentum that will lead to the return of prices to the local minimum near 0.6900. Our medium-term outlook remains negative.
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 is consolidating around the level of 0.6320. The price growth in the near future is possible to 0.6400, but breaking through it and continued growth is unlikely. At the same time, we expect the resumption of the downward price movement and reaching the level of 0.6250, and then the decline will continue to 0.6200 and 0.6000. We recommend keeping short positions and maintain the medium-term negative outlook.
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