16.09.2015 - Technical view
Currencies trading and euro. The price of EUR/USD slightly decreased yesterday. The growth of price in the near future is limited by the resistance level at 1.1400 and the upper boundary of the rising channel. On the other hand in case of fall of quotations below 1.1200 and the lower boundary of the rising channel, and consolidation below these levels. We expect the price decline to the levels of 1.1000 and 1.0900. 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 after breaking through the inclined line of support and consolidation below resistance at 1.5460, has started to decrease and reached the target level of 1.5350. Fixing of quotes below this level will become the basis for a further decline to 1.5200 and 1.5000. Our medium-term outlook remains negative and the growth of price is limited by the resistance at 1.5460.
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 after yesterday's fall has returned to the level of 120.50, and consolidates beside it. The signal for opening long positions in case of growth, will be price fixing above the level of 121.50. On the other hand, decline is possible to 118.00, the overcoming of which is unlikely. We expect growth of price in the medium term and look forward for the signal for opening long positions.
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 continued consolidation within the local ascending trend and approached the upper boundary of the medium-term descending channel. In order to continue the growth, the price needs to gain a foothold above the level of 0.7200 and overcome the upper limit of the downward channel. In the nearest future there is a high probability of renewal of the negative dynamics of the price with the first targets at 0.7000 and 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 increased today, but growth in the near future is limited by a strong resistance level at 0.6400. The breaking of given level will become the basis for further growth of quotations to 0.6500 and 0.6600. More probable is soon continuation of the downward price movement to 0.6250, the overcoming of which will be the reason for the fall of quotations up to 0.6200 and 0.6000. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 0.6400, 0.6500, 0.6600, 0.6700, 0.6800, 0.6850, 0.7000
Nearest support levels: 0.6320, 0,6250, 0.6200, 0.6000