23.12.2015 - Technical view
Currencies trading and euro. The price of EUR/USD corrected, after strong growth in the previous days. In case of continued upward price movement, quotes will continue to rise to 1,1000-1,1050, but consolidation above these levels is unlikely. On the other hand, the breaking through a sloping support line will be the basis for the reduction of quotations to the level of 1.0800, the overcoming of which will be the basis for the price drop to 1.0700 and 1.0500. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1050, 1.1080, 1.1200, 1.1350, 1.1450
Nearest support levels: 1.0900, 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200
Currencies trading and British pound. The price of GBP/USD after consolidation around the level of 1.4900, continued to decline and reached the target level of 1.4800, but could not overcome it. Currently quotes rebounded upwards and can return to the level of 1.4900. It is worth noting that the price may continue to decline in the near future to 1.4600. 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 slows down the fall and continues to move around the level of 121.00. In case of further decline, quotations may reach the level of support at 120.50, but it is unlikely to overcome. In case of the resumption of growth the closest targets will be 121.50, 122.30 and 123.60. We expect growth of price in the medium term and look forward to 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 reached the upper boundary of the downward channel and is consolidating around it. In case of overcoming this level, and consolidation above 0.7250, growth may continue to 0,7300-0,7380. On the other hand, now there is an opportunity to sell short with a tight stop and objectives around the local minimum 0.7100. 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 is consolidating above the level of 0.6800, and if the price fixates above this mark, will continue its upward movement up to 0.6900 and 0.7000. It is worth noting that within the correction, quotations may return to the lower boundary of the rising channel and the level of 0.6700. Our medium-term outlook remains negative and we are waiting for the signal to sell.
Nearest resistance levels: 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6800, 0.6700, 0.6600, 0.6500, 0.6450, 0.6400, 0.6320, 0.6250