20.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD continued to fall and was able to overcome the support level at 1.1350, which is the basis for further price decline to the lower boundary of the rising channel and the support level at 1.1200. Growth of price in the near future is limited by the levels of 1,1450-1,1500. Our medium-term outlook remains negative and the price is likely to fall in the coming days.
Nearest resistance levels: 1.1350, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700
Nearest support levels: 1.1200, 1.1100, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD is trying to break through inclined resistance line. In case of success and fixing of price above the psychologically important 1.5500 level, quotes will continue to rise to 1.5675 and 1.5800. At the moment there is a high probability of price reduction to the levels 1.5350 and 1.5250. Our medium-term outlook remains negative.
Nearest resistance levels: 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, and may continue its upward movement to an important level of 120.50. The confirmation of the signal for opening long positions will be fixation of quotations above 121.50. The fall is limited by the levels of support at 119.00 and 118.00. Our medium-term outlook remains positive, but the price consolidation around current levels may continue 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 sloping support line continues to consolidate near the mark of 0.7260. For the continuation of growth quotations need to gain a foothold above the level of 0.7400. It is worth noting that for the continuation of the negative dynamics, the price has to overcome the support at 0.7200. In this case, we recommend to open short positions with the targets at 0.7000 and 0.6900. Our medium-term outlook remains negative.
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 approached to the lower boundary of the rising channel and continues to move around the level of 0.6800. In the near future there is a high probability of price rebound from the lower boundary of the rising channel to the closest targets at 0.6900 and 0.7000. On the other hand, fixing the price beyond the rising channel will be the basis for opening short positions with the targets at 0.6600 and 0.6500. Our medium-term outlook remains negative.
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