19.11.2015 - Technical view
Currencies trading and euro. The price of EUR/USD corrected upwards to the level of 1.0700 and in the near future is likely to continue the movement around this level. Further growth is limited by the upper boundary of the channel. Fixation under the important level of 1.0700 will be the basis for the continuation of a downward price movement. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 1.0700, 1.0800, 1.0900, 1.1000, 1.1100, 1.1200, 1.1350, 1.1450
Nearest support levels: 1.0550, 1.0500, 1.0450, 1.0000, 0.9600
Currencies trading and British pound. The price of GBP/USD after breaking through the inclined resistance line, was able to overcome the resistance at 1.5250, which is the basis for the continuation of positive dynamics to the first target at 1.5350 after which growth may continue to 1.5500. In case of resumption of negative dynamics quotations will return to the levels of 1.5200, 1.5100 and 1.5000. Our medium-term outlook remains negative despite the current growth.
Nearest resistance levels: 1.5350, 1.5500, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5250, 1.5200, 1.5000, 1.4800, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY could not overcome the local maximum at 123.50 and currently is corrected down. In the ongoing correction, the price may fall to 122.50 and the lower boundary of the rising channel. On the other hand a positive trend with high probability will resume in the near future, and after overcoming the 123.50 level of, we expect a further increase up to 124.50 and 125.40. Our medium-term outlook remains positive.
Nearest resistance levels: 124.50, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 123.00, 122.50, 121.50, 120.50, 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD broke through the upper limit of the downward channel and a local maximum at 0.7150. Continued growth and breaking through the important level at 0.7200 will be a signal to open short-term long positions with target levels at 0.7300 and 0.7400. In case of renewal of negative dynamics quotations will continue to decline to 0.7080, 0.7000 and 0.6900. 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, 0.6500
Currencies trading and New Zealand dollar. The price of NZD/USD could not overcome the support level at 0.6450 and started to correct upwards. Now the quotes returned to the downward channel and in the near future can reach its upper limit and the level of 0.6600. Our medium-term negative outlook remains unchanged and we recommend holding short positions.
Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6500, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200