22.12.2015 - Technical view
Currencies trading and euro. The price of EUR/USD within the correction has returned to the 1.0900 important level of and can continue the upward movement of the price to the upper limit of the corridor 1,0800-1,1050. It is worth noting that in the near future decline of the euro may resume and fixing the price below 1.0800 will be a signal for the continuation of the negative dynamics of prices with the objectives at 1.0700 and 1.0500. Our medium-term outlook remains negative and we are waiting for the signal for opening short positions.
Nearest resistance levels: 1.0930, 1.1050, 1.1080, 1.1200, 1.1350, 1.1450
Nearest support levels: 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200
Currencies trading and British pound. The price of GBP/USD is consolidated around the level of 1.4900 and with the resumption of the fall will reach the next targets at 1.4800 and 1.4600. In case of correction, the quotes can return to the level of 1,5000-1,5050. We expect increased volatility today and tomorrow and strong price movement after a long consolidation. Our medium-term outlook remains negative.
Nearest resistance levels: 1.5000, 1.5200, 1.5250, 1.5300, 1.5500, 1.5675, 1.5700, 1.5800
Nearest support levels: 1.4800, 1.4700, 1.4600
Currencies trading and Japanese yen. The price of USD/JPY slowed the decline and continues to consolidate above the level of 121.00. The further decline of price in the near future is limited by the level of support at 120.50. In case of overcoming the level of 121.50, we expect continued upward dynamics to the levels of 122.30 and 123.60. Our medium-term outlook remains positive, and we are waiting for confirmation of a buy signal.
Nearest resistance levels: 121.50, 122.30, 123.60, 124.50, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 120.50, 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD continued growth in the descending channel and approached its upper boundary. In case of breaking through it, growth will continue to 0.7300 and 0.7400. On the other hand, decline in the near future may resume and continue in the downward channel. 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, 0.7150, 0.7080, 0.7000, 0.6900, 0.6750, 0.6600
Currencies trading and New Zealand dollar. The price of NZD/USD increased after the rebound from the level of 0.6700, and as a result reached the level of 0.6800. Fixation above this mark will be the basis for further growth to 0.6900 and 0.7000. At the moment, there is the possibility of renewed negative dynamics with the first target at 0.6700. Our medium-term outlook remains negative.
Nearest resistance levels: 0.6800, 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6700, 0.6600, 0.6500, 0.6450, 0.6400, 0.6320, 0.6250