17.12.2015 - Technical view

Currencies trading and euro. The price of EUR/USD after rising volatility yesterday, continued to fall and was able to overcome the support level at 1.0900. In the near future the price decline may continue to the target levels at 1.0800 and 1.0700. In case of resumption of growth, quotations can return to 1.0900 and 1.1000. We maintain a medium-term negative outlook with the first targets at 1.0700 and 1.0500.

Nearest resistance levels: 1.0930, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450

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

Currencies trading and British pound. The price of GBP/USD has broken the lower boundary of the local rising channel and was able to overcome the level of 1.5000. As a result, quotations may continue to fall to 1.4900. In case of correction, the price can reach the levels 1,5000-1,5050. Our medium-term outlook remains negative with the objectives at 1.4600 and 1.4800.

Nearest resistance levels: 1.5000, 1.5200, 1.5250, 1.5300, 1.5500, 1.5675, 1.5700, 1.5800

Nearest support levels: 1.4800, 1.4700, 1.4600

Currencies trading and Japanese yen. The price of USD/JPY continued growth and returned within the corridor 122,30-123,60. In case of continued upward price movements, quotes will reach the upper limit of the corridor. In case of correction, the quotes can return to the level of 121.50. We expect growth of price in the medium term the, and recommend accumulating long positions.

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

Nearest support levels: 122.30, 121.50, 120.50, 119.00, 118.50, 118.00, 117.00

Currencies trading and Australian dollar. The price of AUD/USD showed increased volatility yesterday, but was unable to continue to decline and overcome the support level at 0.7150. In case of continuation of the negative dynamics, the price will fall to 0.7080, 0.7000 and 0.6900. Growth is limited by the resistance level at 0.7300. Our medium-term outlook remains negative.

Nearest resistance levels: 0.7200, 0.7300, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800

Nearest support levels: 0.7150, 0.7080, 0.7000, 0.6900, 0.6750, 0.6600

Currencies trading and New Zealand dollar. The price of NZD/USD was unable to gain a foothold above the level of 0.6800 and continue to grow. As a result, quotes showed a decline and the near future may descend to the lower boundary of the rising channel and the level of 0.6650. Potential growth of price is also limited by the upper boundary of the channel. We maintain a medium-term negative outlook with the targets at 0.6450 and 0.6250.

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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