23.11.2015 - Technical view
Currencies trading and euro. The price of EUR/USD has continued decline after reaching the upper limit of the downward channel and updated the local minimum. In the near future the price decline may continue within the boundaries of the channel to the target levels near 1.0500. In case of breaking through the upper boundary of the channel the signal for the fixing of short positions will be overcoming the level of 1.0800. We recommend keeping short positions and maintain the medium-term negative outlook with the potential of fall to 1.0000.
Nearest resistance levels: 1.0700, 1.0800, 1.0900, 1.1000, 1.1100, 1.1200, 1.1350, 1.1450
Nearest support levels: 1.0550, 1.0500, 1.0450, 1.0000, 0.9600
Currencies trading and British pound. The price of GBP/USD started to decline sharply after failing to overcome the resistance level at 1.5300 and some consolidation below this mark. As a result, quotations broke through the sloping support line and approached the level of 1.1550. In the case of further decline, quotes will reach the target marks near 1.5000. Our medium-term outlook remains negative.
Nearest resistance levels: 1.5200, 1.5250, 1.5300, 1.5500, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5000, 1.4800, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY has continued growth within the channel, after the rebound of price from its lower boundary and for its continuation to the nearest target marks at 124.50 and 125.40, quotes need to overcome the resistance at 123.50. We expect increasing prices in the medium term and recommend holding long positions with short stop below 122.50.
Nearest resistance levels: 124.50, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 122.50, 121.50, 120.50, 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD was able to overcome the important resistance level at 07200, but after reaching the mark of 0.7250 started to correct downwards sharply and at the moment is in the range 0,7150-0,7200. In case of continued negative dynamics, we expect a decrease in quotations to the levels of 0.7000 and 0.6900. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7200, 0.7300, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800
Nearest support levels: 0.7150, 0.7080, 0.7000, 0.6900, 0.6750, 0.6600, 0.6500
Currencies trading and New Zealand dollar. The price of NZD/USD after the correction to the important level of resistance at 0.6600, started to correct downwards and may soon return to the local minimum at 0.6450, a breaking of which will be the basis for further reduction of price to 0.6250 and 0.6000. We recommend holding short positions with a stop above 0.6600 and maintain the medium-term negative outlook.
Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6500, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200