18.09.2015 - Technical view
Currencies trading and euro. The price of EUR/USD showed strong growth and has overcome the level of 1.1400 above which currently is trying to gain a foothold. Further growth is limited by the upper boundary of the rising channel and psychologically important level of 1.1500. A signal to sell in case of a fall will be breaking through the bottom of the channel and fixing below 1.1200. 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 within the growth has reached the upper limit of the local ascending channel and in the near future may continue to rise to the next target level of 1.5675. At the same time, the price can begin the correction within the channel after steady growth. The closest target in this case will be 1.5460. Our medium-term outlook remains negative.
Nearest resistance levels: 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5550, 1.5460, 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY Ð°fter some consolidation near the level of 121.00 showed a sharp decline. A further drop in prices in the near future is limited by the support level at 119.00 and 118.00. For the continuation of upward movement the price needs to gain a foothold above the strong resistance at 121.50. Our medium-term outlook remains positive, and we expect the resumption of growth in the near future.
Nearest resistance levels: 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 has broken the upper boundary the descending channel and currently is trying to overcome a strong resistance level at 0.7200. In case of success, growth will continue to 0.7400. It is worth noting the possibility of renewed downward movement of prices in a downward channel to the target level at 0.7000 and 0.6900. We expect drop in 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 fixation above the level of 0.6320 has continued to rise and could reach the resistance at 0.6400 in the near future. The breaking and fixing above this mark will be the basis for further growth of quotations to 0.6500. Our medium-term outlook remains negative and we recommend holding short positions with the target at 0.6000.
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