19.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD continues to move above the level of 1.1350 after has moved beyond the local rising channel. In case of fixing the price below this level, quotes will continue to fall to the lower boundary of the descending channel and the levels of 1.1200 and 1.1000. Growth of price in the near future is limited by the levels 1,1450-1,1500. Our medium-term outlook remains negative and we are waiting for the confirmation of the signal to sell, but do not exclude the continuation of growth in the near future.
Nearest resistance levels: 1.1400, 1.1450, 1.1500, 1.1620, 1.1700
Nearest support levels: 1.1350, 1.1200, 1.1100, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD corrected downward after hitting level of 1.5500 and inclined resistance line. Fixing of price above the level of 1.5500 will confirm a buy signal with the first target at 1.5675. It is worth noting a good opportunity to open a short position with a stop above 1.5500 and target levels at 1.5350 and 1.5200. Our medium-term outlook remains negative.
Nearest resistance levels: 1.5460, 1.5500, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5350, 1.5250, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY has stabilized near the level of 119.50 after the price compensated a significant part of the previous losses. Within the further growth quotations may reach the level of 120.50, a break of which will be the basis for the continuation of the upward movement to 121.50. In case of reduction, quotes can be reduced to 119,00 and 118,00. Our medium-term outlook remains positive, and we expect growth of quotations in the near future.
Nearest resistance levels: 120.50, 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 after breaking through the inclined support line is trying to gain a foothold above it. In case of success, and breaking through the important support level at 0.7200, quotes will continue to decline to 0.7080, 0.7000 and 0.6900. Growth of price in the near future is limited by the levels 0,7300-0,7350. We expect drop of price 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 continues to consolidate around the level of 0.6800 after corrected downward. In the near future the price may reach the bottom of the channel and rebound from it. The target level in case of continued growth will be 0.6900 and 0.7000. We expect the resumption of the negative dynamics of prices in the medium term, despite the likely continuation of the growth of quotations in the near future.
Nearest resistance levels: 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6800, 0.6700, 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200