30.09.2015 - Technical view
Currencies trading and euro. The price of EUR/USD fixed above the level of 1.1200 and continues to consolidate above this level. At the moment, there is a possibility of continuing ascending price movement to 1.1300 and 1.1400. The signal for opening short position will be breaking through the lower boundary of the rising channel and fixation below 1.1100. Our medium-term outlook remains negative, but growth may continue in the near future.
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 continues to fall along an inclined line of resistance after breaking the important level of 1.5200. Fixation lower than 1.5200 is the basis for the further reduction of quotations to 1.5000. In case of the beginning of the rising correction and breaking through resistance at 1.5200, quotes will reach the level of 1.5350. Our medium-term outlook remains negative.
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 rebounded from the inclined line of support and continues to consolidate around the level of 120.50. In case of further decline and breaking through the level of 119.00, the price will reach the support at 118.00. According to our estimates, quotes will be consolidated within the range 118,00-121,50 soon. 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: 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD could not continue to fall after reaching a level of 0.6950 and rebounded upwards. A further price increase is limited by the upper boundary of the descending channel. The next upside target level in case of decrease remains 0.6900. 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 rebounded from the level of 0.6300 and started to correct downwards. Further growth is possible to 0.6400, and if the price fixates above this mark, we expect continuation of the rising price movement to 0.6500. According to our estimates, quotations will return to the 0.6250 level of in the near future and will continue to fall. We expect decline of price in the medium term.
Nearest resistance levels: 0.6400, 0.6500, 0.6600, 0.6700, 0.6800, 0.6850, 0.7000
Nearest support levels: 0.6320, 0,6250, 0.6200, 0.6000