17.09.2015 - Technical view
Currencies trading and euro. The price of EUR/USD continued movement around the level of 1.1300 and is moving inside the rising channel. For the continuation of growth, quotations need to overcome and to gain a foothold above the level of 1.1400, after which quotations will continue to rise to 1.1500. Fixation below 1.1200 after breaking through the bottom of the channel will be the basis for sale with the targets at 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 rebounded from the level of 1.5350 after failing to overcome it, and within the steady growth has broken through the resistance at 1.5460. In the near future quotes will continue to grow to 1.5550 and 1.5675. Our medium-term outlook remains negative, but growth is likely to continue within the channel in the near future.
Nearest resistance levels: 1.5550, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5460, 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY is consolidating around the level of 120.50. Fixing the price above 120.50 will be a signal to buy with the objectives at 123.00 and 124.50. The fall is limited by the level of 118,00. Today is expected the increase in the medium-term volatility and keep a positive outlook despite the possibility of falling in the near future.
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 is growing within the local ascending trend. Currently quotations reached the upper limit of the downward channel, and an important resistance level at 0.7200. Fixing the price above these levels will be the basis for further growth to 0.7400 and 0.7500. We expect the resumption of the downward movement in the near future and maintain a negative outlook.
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 consolidated within the corridor 0,6250-0,6400. Growth of price above the level of 0.6400 will lead to reaching the target level at 0.6500, but this scenario is unlikely. We expect a further drop in prices in the medium term and 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