21.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD returned to the level of 1.1350 and is consolidating near this mark. A further drop in prices is limited by the lower boundary of the rising channel, a breaking of which will lead to the continuation of the negative dynamics to 1.1200. In case of continued growth quotations can return to the levels 1,1450-1,1500. Our medium-term outlook remains negative and we are waiting for the signal to open new positions.
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 continues to consolidate below the level of 1.5500 and inclined resistance line. Fixing of quotations above this level will be a signal to buy with the targets at 1.5675 and 1.5800. At the moment, there is a significant probability of falling prices to the level of 1.5350 and then negative trend may continue until 1,5200-1,5250. 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 continues to grow and approached the important level of 120.00 and inclined resistance line. In case of continued upward trend, quotes will continue to rise to 120.50 and 121.50. Fixation above 121.50 will be a strong buy signal with the first targets at 123.00 and 124.50. The fall is still limited by the levels of 119.00 and 118.00. We expect growth in the medium term.
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 broke through the angled line of support and continues to decline. In case of breaking through the level of 0.7200, we recommend to open short positions with the targets at 0.7080, 0.7000 and 0.6900. In this case, a stop should be set above the level 0.7300. We expect the price drop and wait for the signal to sell.
Nearest resistance levels: 0.7300, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800
Nearest support levels: 0.7200, 0.7000, 0.6900, 0.6750, 0.6600, 0.6500
Currencies trading and New Zealand dollar. The price of NZD/USD could not continue to grow inside the rising channel and broke through its lower boundary. Currently quotes reached the support level at 0.6700 and breaking through it will be a signal to sell with the first target marks on 0.6600 and 0.6450. We maintain a negative medium-term outlook and recommend to wait for the signal to sell.
Nearest resistance levels: 0.6800, 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6700, 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200