16.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD approached an important level of 1.1500 and the upper boundary of the local rising channel, but could not overcome it and started to correct downwards. Within the reduction the quotes broke through the lower boundary of the channel and the level of 1.1400. Fixing below these levels will confirm the sell signal with target levels at 1.1200, 1.1080 and 1.1000. We maintain a medium-term negative outlook for the euro.
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, 1.0700
Currencies trading and British pound. The price of GBP/USD after a sharp rise reached the inclined line of resistance and the level of 1.5500. Currently the quotes are consolidated below this mark and in the near future may start to correct down to the next support level at 1.5350 and 1.5200. On the other hand fixation above 1.5500 will lead to continued growth to 1.5675. We expect the price decline of the pound in the medium term and look forward for the signal to open new positions.
Nearest resistance levels: 1.5500, 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 approached to the important support level at 118.00, but could not break through it and rebounded upwards. Within the correction, quotes can return to the important level near 120,00-120,50 and continue to rise to 121.50. Fixing above this resistance level will confirm the signal for opening long positions with the targets at 123.00 and 124.50. We expect price growth in the medium term.
Nearest resistance levels: 120.50, 121.50, 123.00, 124.50, 125.00, 125.70, 128.00
Nearest support levels: 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD corrected downward and in the near future is likely to reach the level of 0.7260 and inclined support line. The growth of quotations in the short term is limited by the resistance at 0.7400, the overcoming of which will lead to the continuation of the upward price movement to 0.7500 and 0.7600. The breaking of a local minimum at 0.7200, will confirm a sell signal with the objectives at 0.7000 and 0.6900. We expect decline of prices in the medium term.
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 after reaching the upper boundary of the rising channel and approaching the level of 0.6900, started to correct. Further increase of quotations is limited by the psychologically important mark of 0.7000, a break of which is unlikely. On the other hand, at the moment there is a high probability of price correction within the channel to 0.6700 and the lower boundary of the channel. Our medium-term outlook remains negative and we are waiting for a change of trend in the near future.
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