22.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD showed a slight correction, but continues to consolidate near the level of 1.5350. In case of continued negative dynamics quotations will be reduced to the lower boundary of the rising channel and then can reach the level of 1.1200. Growth of price is limited by the level of 1,1450-1,1500. The volatility of price will rise today. We expect decline of price in the medium term and recommend waiting for the signal to sell.
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 gradually decreases along the oblique line of resistance and may soon reach an important level of 1.5350, and a sloping support line. To continue the growth, quotations need to overcome the resistance level at 1.5500. In this case, we recommend to open long positions with the targets at 1.5675 and 1.5800. Our medium-term outlook remains negative with targets at 1.5250 and 1.5000.
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 after reaching the sloping resistance line started to correct, but the downward movement according to our estimates will be short-lived. In case of continued growth, and overcoming of resistance at 120.50, the price will increase to 121.50. Our medium-term outlook remains positive, but in the near future price movement is likely to continue in the range 119,00-120,50.
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, has reached the level of 0.7200. Fixing the price below this mark will be the basis for the continuation of negative dynamics the price to 0.7080, 0.7000 and 0.6900. In case of opening short positions, the stop should be set above the level of 0.7300. Our medium-term outlook remains negative.
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 corrected upwards after the recent decline and rebound from the 0.6700 level of. Continued growth in the near future is limited by the resistance levels at 0.6900 and 0.7000. The probability of overcoming the 0.7000 level of is minimal. In case of breaking through the level of 0.6700, we recommend to open short positions with the first targets at 0.6600 and 0.6450. Our medium-term outlook is negative despite the possible increase in the near future.
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