23.10.2015 - Techical view

Currencies trading and euro. The price of EUR/USD yesterday showed a rapid fall within which broke through the lower boundary of the rising channel and has overcome the important level at 1.1200. At this point quotations are consolidated around the level of 1.1100, and according to our estimates will continue to decline to 1.1000 and 1.0850 after fixation below current levels. Within the correction quotations may grow up to 1.1200, but the continuation of the upward movement is unlikely.

Nearest resistance levels: 1.1200, 1.1350, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700

Nearest support levels: 1.1100, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD has shown increased volatility yesterday and approached the important level of 1.5350, after breaking through which is likely to continue to decline to 1,5200-1,5250. The growth of quotations is limited by the level of 1.5500. We expect the price decline in the near future and maintain the medium-term negative outlook on the British pound.

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 within the strong upward impulse was able to overcome an important resistance level at 120.50 and in the near future is likely to reach the target level at 121.50. Fixing above this mark will be a signal to change a trend to the positive. Our medium-term outlook remains positive, and we are waiting for further price increase in the near future.

Nearest resistance levels: 121.50, 123.00, 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 continues to rise after failed to overcome the important support level at 0.7200. In the near future quotes will reach the inclined level of resistance. In case of resumption of negative dynamics after reaching this resistance, quotes will continue to consolidate within the triangle after exiting of which, we expect to see strong price movement. 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 after the rebound from the support level at 0.6700, reached the bottom of the rising channel that the price had left earlier. In case of the return of prices within this channel, we expect continued growth to 0.7000. Confirmation of a sell signal will be the price fixing below 0.6700. Our medium-term outlook remains negative, but we assume continued growth to 0.7000 in the near future.

Nearest resistance levels: 0.6900, 0.7000, 0.7200

Nearest support levels: 0.6700, 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200

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