29.09.2015 - Technical view
Currencies trading and euro. The price of EUR/USD rebounded from the lower boundary of the rising channel and has overcome the level of 1.1200. In the near future, growth may continue to 1.1300 and 1.1400. At the same time breaking through the bottom of the channel and the support level at 1.1100 will be the basis for opening short positions with the targets at 1.1000 and 1.0900. Our medium-term outlook remains negative.
Nearest resistance levels: 1.1300, 1.1400, 1.1450, 1.1500, 1.1620, 1.1700
Nearest support levels: 1.1200, 1.1100, 1.1000, 1.0850, 1.0800, 1.0700, 1.0550
Currencies trading and British pound. The price of GBP/USD has broken through the inclined resistance line and continues to consolidate around the level of 1.5200. In case of further decline, we expect reaching the support level at 1.5000. Within the correction, quotes can correct to the level of 1.5350. Our medium-term outlook remains negative and we expect increased volatility in the coming days.
Nearest resistance levels: 1.5200, 1.5350, 1.5460, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5000, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY fell to the sloping line of support and in case of breaking through it will continue to decline to a level of 118.00. Growth of price in the near future is limited by the resistance level at 121.50. Exit the price beyond the corridor 118,00-121,50 will be a signal to open new positions. Our medium-term outlook remains positive, but the price is likely to consolidate around current levels in the near future.
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 after reaching the upper limit of the local downward channel began to decline, and has broken through the level of 0.7000. In the near future quotes will reach the level 0.6900, a break of which will be the basis for further price drops to 0.6750. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 0.7000, 0.7200, 0.7260, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800
Nearest support levels: 0.6900, 0.6750, 0.6600, 0.6500
Currencies trading and New Zealand dollar. The price of NZD/USD corrected after hitting the level of 0.6400. As a result, the quotes returned to the level of 0.6320, and according to our forecasts will continue falling to 0.6250, after which quotations may drop to 0.6200 and 0.6000. Our medium-term outlook remains negative and we recommend holding short positions.
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