24.12.2015 - Technical view
Currencies trading and euro. The price of EUR/USD was unable to gain a foothold below the level of 1.0900 and resumed growth, after the correction. In case of further increase of the price quotations will reach the levels 1,1000-1,1050, to overcome which will be needed a strong incentive. On the other hand consolidation below 1.0900 will be the basis for the price reduction to the level of 1.0800, and then the fall may continue 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, showed a sharp decline to the target level at 1.4800, but rebounded from it and returned to the previous levels. In case of continued decline, the price can reach the target at 1.4600 mark, but in the near future price correction may continue to 1,5000-1,5050. 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 continued decline after some consolidation of price around the level of 121.00. Currently quotes are located near the strong support level at 120.50 and can start upward correction in the near future, with the objectives at 121.50 and 122.30. Fixation lower than 120.50 will lead to the fall of quotations to 119.00. Our medium-term outlook remains positive, and we are waiting for growth in the near future.
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 broke through the upper limit of the downward channel and continued growth. Fixing the price above 0.7250 is the basis for the further growth of quotations to 0,7300-0,7350. Our medium-term outlook remains negative despite the likely continued growth in the near future and we are waiting for the signal to sell.
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 after correction has resumed growth and now has returned to an important level of 0.6800. In case of continued upward price movement inside the rising channel, quotes, can grow up to 0.6900 and 0.7000. Correction of prices in a downward channel is possible to the level of 0.6700 and the bottom of the channel. Our medium-term outlook remains negative with the objectives at 0.6450 and 0.6250.
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