23.09.2015 - Technical view
Currencies trading and euro. The price of EUR/USD fixed below the level of 1.1200 after breaking through the lower boundary of the rising channel. This fact was the confirmation of the signal for opening short positions with the immediate objectives at 1.1000 and 1.0900. In case of correction quotations can return to the level of 1.1200. We expect that price with a high probability will fall in the near future and maintain the medium-term negative outlook.
Nearest resistance levels: 1.1200, 1.1300, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700
Nearest support levels: 1.1080, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD accelerated the fall in during which has broken the lower boundary of the rising channel and the local support level at 1.5460, which was the signal to sell. As a result, the price dropped to the nearest target at 1.5350 mark. Overcoming this support will lead to further price falls to 1.5200. In case of a rebound, the price may return to the levels 1,5400-1,5460. We forecast a drop in the near future and maintain our negative medium-term outlook.
Nearest resistance levels: 1.5460, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5350, 1.5200, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY after a small increase yesterday and reaching the level of 120.50, started a decline. It is worth noting that in last days quotations are moving within a range 119,00-121,00. The signal for the opening of new positions will be price fixing outside of the range 118,00-121,50. We expect a continuation of the price movement within a sideways trend in the coming days, but the 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 returned to the descending channel and currently approached an important level of 0.7000. With a further fall quotations will reach the support at 0.6900. Growth is limited by the upper boundary of the downtrend channel and resistance at 0.7100. We recommend keeping short positions and maintain the medium-term negative outlook.
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 within falling has overcome the level of 0.6320, and approached local minimum around 0.6250. The breaking of this support level will lead to a further decline to 0.6200 and 0.6000. Our medium-term outlook remains negative and the correction is possible only up to resistance at 0.6320.
Nearest resistance levels: 0.6320, 0.6400, 0.6500, 0.6600, 0.6700, 0.6800, 0.6850, 0.7000
Nearest support levels: 0,6250, 0.6200, 0.6000