16.12.2015 - ​Technical view

Currencies trading and euro. The price of EUR/USD could not overcome the important resistance level at 1.1050 and started to correct downwards. As a result the price broke through the inclined support level and came close to the mark 1.0900. In the near future the price decline may continue and quotations will reach 1.0800. Today is forecasted strong price movement in a range 1,0700-1,1400. Our medium-term outlook remains negative.

Nearest resistance levels: 1.1050, 1.1080, 1.1200, 1.1350, 1.1450

Nearest support levels: 1.0930, 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200

Currencies trading and British pound. The price of GBP/USD could not continue to grow after approaching the level of 1.5250 and started to correct within the local rising channel. As a result on the chart has been formed reversal pattern "head and shoulders". At the moment the price is near the bottom of the channel and its breaking will be the basis for the continuation of the negative dynamics with the targets at 1.4800 and 1.4600. Our medium-term outlook remains negative and we expect strong price movement today.

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 after some consolidation above 120.50, began to grow and was able to overcome the upper limit of the local downward channel, and the level of 121.50, which is a signal for the continuation of the positive dynamics of quotations to 122.30 and 123.60. In case of resumption of the fall, quotations may decline to 120.50 and 119.00. Our medium-term outlook remains positive, and today we with high probability will see strong price movement.

Nearest resistance levels: 122.30, 123.60, 124.50, 125.00, 125.70, 128.00, 130.00

Nearest support levels: 121.50, 120.50, 119.00, 118.50, 118.00, 117.00

Currencies trading and Australian dollar. The price of AUD/USD corrected downwards yesterday and soon is likely to continue consolidation between the level of 0.7150 and the upper boundary of the local descending channel. After completion of this consolidation, we expect to see strong price movement. Today, volatility will be very high. We maintain a negative medium-term outlook for the Australian dollar.

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 has reached the important level of 0.6800 and the upper boundary of rising channel, but was unable to gain a foothold above it and resumed falling within the channel. With a further reduction of price, quotations may continue to fall to 0.6700 and the bottom of the channel. We maintain a pessimistic outlook for the New Zealand dollar in the medium term and look forward to strong price fluctuations today.

Nearest resistance levels: 0.6800, 0.6900, 0.7000, 0.7200

Nearest support levels: 0.6700, 0.6600, 0.6500, 0.6450, 0.6400, 0.6320, 0.6250

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