23.08.2015 - Technical view
Currencies trading and euro. The price of EUR/USD after a long consolidation within the triangle, has broken its lower boundary and at the moment is trying to reach the nearest target at 1.1200. In case of overcoming the this mark, we recommend to open short positions with the objectives at 1,1000, 1.0900 and 1.0700. In case of correction, quotes, can grow up to 1.1400. Our medium-term negative outlook remains unchanged.
Nearest resistance levels: 1.1400, 1.1450, 1.1500, 1.1620
Nearest support levels: 1.1200, 1.1150, 1.1080, 1.1000, 1.0900, 1.0800, 1.0550
Currencies trading and British pound. The price of GBP/USD after several unsuccessful attempts to overcome the level of 1.5900, started to decline and as a result, quotes has broken through the support level at 1.5800 and the lower boundary of the rising channel. In case of fixation below these levels, we recommend to open short positions with a stop above 1.5900 and objectives at 1.5400 and 1.5200. Our medium-term outlook remains negative.
Nearest resistance levels: 1.5800, 1.5900, 1.6000
Nearest support levels: 1.5700, 1.5500, 1.5400, 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY showed an increase to the upper boundary of the triangle and may soon begin to correct downwards and reach the support near 122.50. The breaking of the upper boundary of the channel and a local maximum at 124.25, will confirm the signal for opening long positions with the first targets at 125.00 and 125.70. Our medium-term outlook remains positive and we recommend waiting for the signal for opening long positions.
Nearest resistance levels: 123.75, 124.25, 125.00, 128.00, 130.00
Nearest support levels: 122.50, 121.50, 120.20, 119.00, 118.50, 117.40
Currencies trading and Australian dollar. The price of AUD/USD continues to fall after failed to move beyond the corridor 0,7600-0,7800 and returned to its boundaries. According to our forecasts, the drop in prices will continue in the near future to the level of 0.7600. Within the correction, the price may rise to the level of 0.7800. We maintain a medium-term negative outlook.
Nearest resistance levels: 0.7800, 0.7900, 0.8000, 0.8200, 0.8250, 0.8500
Nearest support levels: 0.7700, 0.7600, 0.7550, 0.7500, 0.7200
Currencies trading and New Zealand dollar. The price of NZD/USD аfter some consolidation near the level of 0.6900 will continue to fall within the downward channel and reached the target level of 0.6850. In case of the continuation of the negative dynamics, the price will reach 0.6600. Our medium-term outlook remains negative and we recommend holding short positions with a stop above 0.7000.
Nearest resistance levels: 0.7000, 0.7080, 0.7200, 0.7260, 0.7300, 0.7400, 0.7430, 0.7500
Nearest support levels: 0.6850, 0.6700, 0.6600