25.11.2015 - Technical view

Currencies trading and euro. The price of EUR/USD is trying to overcome the upper limit of the channel, and in the case of growth can reach the resistance level at 1.0800. More likely is a continuation of the negative dynamics of price in the near future to the levels around 1.0500. In order to continue the fall, the price needs to overcome the support level at 1.0600. We recommend holding short positions with a stop above 1.0800 and maintain the medium-term negative outlook.

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 corrected after reaching the sloping line of support and approach to local minimums. Further correction is limited by the resistance level at 1.5200. Fall of price in the near future is possible to the levels 1.5000, 1.4800 and 1.4700. Our medium-term outlook remains negative, but the correction may continue in the near future.

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 continued to decline after breaking through the bottom of the channel and at the moment is around the level of 122.50, the overcoming of which will be the cause for further decline to the level of 121.50, after which the price may fall to 120.50. In order to continue the growth with targets at 124.50 and 125.40 the quotes needs to overcome the next resistance level at 123.50. We continue to forecast growth of price despite the current decline.

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 after the recent correction continued growth and is approaching the upper boundary of the rising channel and the local level of resistance at 0.7300, after overcoming of which growth may continue to the target marks around 0.7400. We expect the decline in price in the medium term and are waiting for new signals 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, 0.6500

Currencies trading and New Zealand dollar. The price of NZD/USD could not continue to fall after the price reduction to the level of 0.6500 and in the near future with a high probability will reach a local maximum at 0.6600 and the upper limit of the downward channel. Overcoming these levels will be the basis for continued growth to 0.6700 and 0.6800. We expect decline of price in the medium term and recommend holding short positions with a stop above 0.6600.

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

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