29.10.2015 - Technical view

Currencies trading and euro. The price of EUR/USD has shown a sharp decline after correction within which has almost reached the level of 1.1100. Currently quotes are consolidated above the level of 1.0900 and after overcoming it reached the next level at target 1.0800. Correction of price is possible to 1.1000. We recommend keeping short positions and maintain the medium-term negative outlook.

Nearest resistance levels: 1.1000, 1.1100, 1.1200, 1.1350, 1.1450, 1.1500, 1.1620

Nearest support levels: 1.0900, 1.0850, 1.0800, 1.0700, 1.0550

Currencies trading and British pound. The price of GBP/USD continued to fall after the price fixing below 1.5350, and in the near future is likely to reach the mark 1.5200. The growth of quotations is limited by the resistance level at 1.5350. We expect decline of price in the medium term to the level of 1.5000, and recommend holding short positions.

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

Nearest support levels: 1.5250, 1.5200, 1.5000, 1.4700

Currencies trading and Japanese yen. The price of USD/JPY has shown a significant increase in volatility. As a result of strong upward price impulse could not reach the level of 121.50, and has lost a significant part of the growth. Overcoming the important resistance level at 121.50, will be the basis for opening long positions. The fall is limited by the sloping support line and the level of 119.50. Our medium-term outlook remains negative.

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 has reached the target level of 0.7080 and bounced upwards. Currently quotes are consolidated around the level of 0.7100 and in case of correction may return to the level of 0.7200. According to our forecast, the price decline will continue in the near future and in the medium term to the levels 0.7000 and 0.6900. It is also recommended keeping short positions.

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 yesterday failed to break through the important support level at 0.6700, which was a confirmation of the signal for sale with immediate goals at 0.6600 and 0.6450, after breaking through which quotations may continue to fall to 0.6200. When opening short position, we recommend installing a stop above resistance level at 0.6800. Our medium-term outlook remains negative.

Nearest resistance levels: 0.6700, 0.6900, 0.7000, 0.7200

Nearest support levels: 0.6600, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200

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