18.12.2015 - ​Technical view

Currencies trading and euro. The price of EUR/USD after reaching the level of 1.0800, rebounded upwards and in case of continuation of correction, will return to the level of 1.0900. On the other hand, breaking through 1.0800 will be a strong signal to sell with the targets at 1.0700 and 1.0500. We maintain a medium-term negative outlook and expect the resumption of a drop in prices in the near future after the current correction.

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

November 9 of USD Performance

Currencies trading and British pound. The price of GBP/USD could not continue to fall after breaking through the level of 1.4900 and currently is corrected upwards. In the case of further growth quotations will reach the psychologically important level of 1.5000, and the upper limit of the downward channel. We expect the price decline of the British pound in the medium term with a target at 1.4600.

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 has shown a strong increase in volatility and approached the nearest resistance line at 123.60, but was not able to continue to grow and started to correct downwards. At the moment, there is a possibility of continuing of reduction of price due to the strong downward momentum to the levels of 121.50 and 120.50. Despite the current fall, we expect price growth in the medium term and look forward to a buy signal.

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 has shown a sharp drop during which has broken the support level at 0.7150 and reached the lower limit of the downward channel. Currently quotes are growing due to the correction and in case of its continuation will reach the level of 0,7200-0,7250 and the upper boundary of the channel. Our medium-term outlook remains negative and we expect a continuation of the negative dynamics of prices in the near future with the objectives at 0.7080, 0.7000 and 0.6900.

Nearest resistance levels: 0.7150, 0.7200, 0.7300, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800

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

Currencies trading and New Zealand dollar. The price of NZD/USD continues to fall after another unsuccessful attempt to overcome the resistance level at 0.6800. At the moment the price is consolidating near the 0.6700 level of, and can be corrected to 0.6800. According to our forecast, the price decline will continue in the medium term, with the objectives at 0.6450 and 0.6250. Our medium-term outlook remains negative.

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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