28.10.2015 - Technical view

Currencies trading and euro. The price of EUR/USD after the recent rebounded from the support level at 1.1000, resumed falling and could return to support at 1.1000, a break of which will be the basis for the continuation of the negative dynamics of the price to 1.0900 and 1.0800. On the other hand, quotations can continue the correction to the levels 1.1100 and inclined resistance line. Our medium-term outlook remains negative and we are waiting for the signal to sell.

Nearest resistance levels: 1.1100, 1.1200, 1.1350, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700

Nearest support levels: 1.1000, 1.0850, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD showed a decline yesterday after fixing below the important level of 1.5350 and braking through the sloping support line. In the near future quotations will probably reach the support level at 1.5200, and then may continue to decline to 1.5000. On the other hand the growth in the near future is limited by the resistance at 1.5350 and 1.5500. Our medium-term outlook remains negative and we expect increased volatility today.

Nearest resistance levels: 1.5350, 1.5500, 1.5675, 1.5700, 1.5800, 1.5900

Nearest support levels: 1.5250, 1.5000, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY has stopped decline after reaching an inclined support line. Currently quotes are around the level of 120.50, and may continue a drop to 119.50. On the other hand, now there is a substantial likelihood of rebound of prices upwards to the level of 121.50, fixing above which will confirm the start of a new positive trend. We expect growth in the medium term.

Nearest resistance levels: 120.50, 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 completed the consolidation within the triangle and braking through its lower boundary at 0.7200, which was a sell signal with the objectives at 0.7000 and 0.6900. In case of correction quotations can return to 0.7200. We recommend holding short positions with a stop above 0.7260. Our medium-term outlook also remains negative.

Nearest resistance levels: 0.7200, 0.7300, 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 within the fall came close to the mark 0.6700, a break of which will be a signal for opening short positions with the closest objectives at 0.6600 and 0.6450. Stop in this case should be set above the level of 0.6800. We expect a drop in prices in the near future and maintain the medium-term outlook for the New Zealand dollar.

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

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