21.09.2015 - Technical view
Currencies trading and euro. The price of EUR/USD has not fixed above the level of 1.1400, and returned to the level 1.1300 around which is consolidating at the moment. Further price decline is possible to the lower boundary of the rising channel. In case of breaking through and fixation below 1.1200, we recommend to open short positions with the targets at 1.1080, 1.1000 and 1.0900. Growth is limited by the levels of 1.1400 and 1.1500. We forecast a drop in prices in the medium term.
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 corrected down after failed to gain a foothold beyond the local rising channel. In the near future the price may continue to fall to 1.5460 and the bottom of the channel. The growth of quotations in the near future is possible to 1.5675. We expect decline of price in the medium term, but at the moment the price moves within the local uptrend.
Nearest resistance levels: 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5460, 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY rebounded from the level of 119.00, and consolidates around 120.00. In the coming days, we expect low activity of traders. The price will probably continue to move within the corridor 118,00-121,50. Fixing the price outside this range will be the basis for opening new positions. We remain medium-term positive outlook and fixing the price above 121.50 will confirm the signal for opening long positions.
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 after reaching the resistance at 0.7260 and a failed attempt to overcome it, started to correct downwards and reached the lower boundary of the local rising channel. Breaking of this border and local minimum around 0.7150 will be a signal to sell with the first 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 broke through the important resistance level at 0.6400 and reached a mark of 0.6450. It is worth noting that the quotes were not able to continue to grow, and the price began to correct downwards. According to our forecasts, the price will continue falling in the near future to 0.6320 and 0.6200. 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