26.10.2015 - Technical view
Currencies trading and euro. The price of EUR/USD after reaching the psychologically important level of 1.1000, started to correct upwards and in the near future can reach the levels of 1.1100 and 1.1200. Overcoming these levels is unlikely. After the end of the current correction, we expect the resumption of growth and breaking through the level of 1.1000, and then the decline will continue to 1.0900 and 1.0800. Our medium-term outlook remains negative and we recommend accumulating short positions.
Nearest resistance levels: 1.1200, 1.1350, 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 at the beginning of the trading week is corrected upwards after the rebound from the sloping resistance line. In the near future quotations may rise to 1.5350 and 1.5460. After breaking through the sloping support line, quotes will continue to fall to the target levels at 1.5250 and 1.5000. Our medium-term outlook remains negative.
Nearest resistance levels: 1.5500, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5350, 1.5250, 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY after reaching the level of 121.50 began to decline within the correction and in the near future is likely to fall to support at 120.50. Volatility during this week will be increased. After the end of correction, we expect the resumption of growth of quotations to the target levels at 123.00 and 124.50. 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: 120.50, 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD could not overcome the lower boundary of the triangle and rebounded upwards. The signal for opening long positions with a target near 0.7500 will be fixation of quotes above 0.7300. On the other hand, we recommend to open short positions after overcoming the support at 0.7200. Our medium-term outlook remains negative and we are waiting for a strong price movement after the price leaving the triangle.
Nearest resistance levels: 0.7300, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800
Nearest support levels: 0.7200, 0.7000, 0.6900, 0.6750, 0.6600, 0.6500
Currencies trading and New Zealand dollar. The price of NZD/USD continues to consolidate around the level of 0.6800 after the release of quotes outside the local rising channel. Growth of price in the near future is limited by the levels of 0.6900 and 0.7000. On the other hand more likely is the fall in prices and a signal to sell will be overcoming the mark 0.6700. We expect falling prices in the medium term.
Nearest resistance levels: 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6700, 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200