22.09.2015 - Technical view

Currencies trading and euro. The price of EUR/USD has broken the lower boundary of the local rising channel and reached an important support level at 1.1200. If the price falls below this level, we recommend to open short positions with the first targets at 1.1080, 1.1000 and 1.0900. It is worth noting the possibility of the price rebound to the level of 1.1200 to 1.1300. Our medium-term outlook remains negative.

Nearest resistance levels: 1.1300, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700

Nearest support levels: 1.1200, 1.1080, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD falls within the local ascending corridor. Currently quotations reached the level of 1.5500 and consolidate by him. Fixing of price under the lower boundary of the rising channel and the level of 1.5460 will be a signal to open short positions with the potential drop to 1.5350 and 1.5200. Our medium-term outlook remains negative.

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 shows the low level of volatility and at the moment is consolidating around the level of 120.50. The signal for opening new positions will be price fixing outside the corridor 118,00-121,50. According to our estimates, in the near future the price will continue to consolidate within this range, then we expect growth of price to 123,00 and 124,50. Our medium-term outlook remains positive.

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 has broken the lower boundary of the local rising channel and the nearest minimum of about 0.7150. If the price falls below this level, we recommend to open short positions with the targets at 0.7000 and 0.6900. In this case, the stop should be set above the resistance level at 0.7260. Our medium-term outlook is 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 reached the level of 0.6320 and stabilized near this level. Now there is a slight chance of a rebound of price after which decline is likely to continue to a local minimum at 0.6250. Breaking of this support is the reason for the further reduction of quotations to the target mark at 0.6000. Our medium-term outlook is negative and we recommend holding short positions.

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

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