29.12.2015 - Technical view

Currencies trading and euro. The price of EUR/USD was not able to continue its growth and continues to consolidate below 1.1000. In case of further growth, quotations may continue the upward movement of the price to the level of 1.1050. The breaking of the oblique line of support will cause the continuation of a negative price dynamics with the first target at 1.0800 and then the fall may continue. Our medium-term outlook remains negative.

Nearest resistance levels: 1.1050, 1.1080, 1.1200, 1.1350, 1.1450

Nearest support levels: 1.0900, 1.0800, 1.0700, 1.0550, 1.0500, 1.0450, 1.0200

Currencies trading and British pound. The price of GBP/USD continues to decline gradually after the recent rebound from the support level at 1.4800. In order to continue correction, quotations must overcome two inclined resistance lines. In case of success the growth will continue to 1,5000-1,5050. On the other hand, a more likely scenario is a continuation of the negative dynamics of quotations to 1.4800 and then the fall is likely to continue to 1.4600. Our medium-term outlook remains negative.

Nearest resistance levels: 1.5000, 1.5200, 1.5250, 1.5300, 1.5500, 1.5675, 1.5700, 1.5800

Nearest support levels: 1.4800, 1.4700, 1.4600

Currencies trading and Japanese yen. The price of USD/JPY continues to move within the local descending channel and currently is consolidating around the important level of 120.50. Fixing the price below this mark will lead to the continuation of the negative dynamics to 119.00 and 118.50. The resumption of growth and consolidation of quotations outside the local descending channel and above the level of 120.50 will be a signal for opening long positions with the targets at 121.50, 122.30 and 123.60. We maintain medium-term positive outlook and expect confirmation of a buy signal.

Nearest resistance levels: 121.50, 122.30, 123.60, 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 declined to 0.7250 and at the moment is consolidating near this mark. It is worth noting that the price may rebound upwards and continue its upward movement to 0.7300 and 0.7350. On the other hand, breaking through the lower boundary of the channel will lead to the decline quotations to 0.7200 and 0.7150. We maintain a medium-term negative outlook and are waiting for a sell signal with the objectives at 0.7000 and 0.6800.

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

Currencies trading and New Zealand dollar. The price of NZD/USD continued growth after overcoming the resistance at 0.6840. A further increase in prices is possible up to 0.6900 and then the rising dynamics will probably change to fall. In this case, we expect the decline to the lower boundary of the channel and then quotes according to our forecasts will reach the levels 0.6600 and 0.6450. Our medium-term outlook remains negative.

Nearest resistance levels: 0.6900, 0.7000, 0.7200

Nearest support levels: 0.6800, 0.6700, 0.6600, 0.6500, 0.6450, 0.6400, 0.6320, 0.6250

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