15.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD after overcoming the level of 1.1400 shows a steady growth within the local rising channel. Overcoming the local maximum at 1.1450 is the basis for continued upward momentum to the nearest target at 1.1620. Correction of prices in the near future is possible to the bottom of the channel. We expect continued growth in the near future, but the medium-term negative outlook remains unchanged.
Nearest resistance levels: 1.1500, 1.1620, 1.1700
Nearest support levels: 1.1450, 1.1400, 1.1300, 1.1200, 1.1100, 1.1000, 1.0850, 1.0700
Currencies trading and British pound. The price of GBP/USD showed strong growth after the rebound from the inclined support line and the important level of 1.5200. As a result, quotations overcame the resistance at 1.5350, and a local maximum at 1.5375, which was the reason for the continued growth to the next target level at 1.5460 and angled resistance line. In case of fixing above these levels, growth will continue to 1.5675. We maintain a negative medium-term outlook, and at the moment there is a possibility of correction in prices.
Nearest resistance levels: 1.5460, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5350, 1.5250, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY continues to fall after breaking through the sloping support line. As a result of negative dynamics quotations reached the level of 119.00, and may continue to decline to 118.00. Correction is possible to 119.50. We expect growth of price in the medium term, but the current negative momentum can continue in the near future.
Nearest resistance levels: 119.00, 120.50, 121.50, 123.00, 124.50, 125.00, 125.70, 128.00
Nearest support levels: 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD continued its upward momentum after a rebound from the sloping support line. A further increase of price within the current growth is possible to the level of 0.7400. At the moment, there is a high probability of price correction to the level of support at 0.7260 and 0.7200. 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 continued its growth within the local rising channel and reached its upper limit. The breaking of resistance at 0.6800, is an additional stimulus for continued growth with the closest target at 0.7000. According to our estimates, at the moment there is a high probability of price correction to the level of support at 0.6700. Current growth according to our forecast will end soon and in the medium term the price will continue to decline.
Nearest resistance levels: 0.6850, 0.7000, 0.7200
Nearest support levels: 0.6800, 0.6700, 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200