24.09.2015 - Technical view

Currencies trading and euro. The price of EUR/USD rebounded from the support level at 1.1100 and returned to the important resistance level at 1.1200. In case of further growth quotations may reach the level of 1.1300. Breaking through support at 1.1100 will be the basis for the continuation of the negative dynamics to the target levels at 1.1000 and 1.0900. Our medium-term outlook remains negative and we expect a decline in the near future.

Nearest resistance levels: 1.1200, 1.1300, 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 continued to fall and approached the target mark of 1.5200. Currently quotes corrected upwards and may continue its ascending movement up to 1.5350. According to our forecasts, the price will continue to decline in the near future, and after breaking through support at 1.5200, will go to the level of 1.5000. We maintain a medium-term negative outlook.

Nearest resistance levels: 1.5350, 1.5460, 1.5675, 1.5700, 1.5800, 1.5900

Nearest support levels: 1.5200, 1.5000, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY consolidates near the level of 120.50. Given the decrease in the amplitude of fluctuations and prolonged price consolidation we expect to see strong price movements in the near future. At the moment, price fluctuation is limited by the boundaries of the corridor 118,00-121,50, and we recommend to open new positions after moving of quotations beyond it. Our 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 dropped to the strong support level at 0.7000. In case of continued drop the price will hit a local minimum at 0.6900. Within the correction the Australian dollar may return to the nearest resistance at 0.7100. Our medium-term outlook remains negative and we recommend holding short positions despite the possibility of short-term price correction.

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 rebounded from the support level at 0.6250 and approached the resistance at 0.6320. Further growth is limited by the level of 0.6400. According to our forecasts, the more likely scenario is a continuation of falling prices the near future. Our medium-term outlook remains negative.

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

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