30.11.2015 - Technical view
Currencies trading and euro. The price of EUR/USD continued gradual reduction along the upper boundary of the descending channel, and after overcoming the support level at 1.0600, may continue to decline to 1.0500 and 1.0450. In case of correction, the quotes can return to resistance at 1.0700. Our medium-term outlook remains negative with the objectives at 1.0200 and 1.0000, and we recommend holding short positions.
Nearest resistance levels: 1.0700, 1.0800, 1.0900, 1.1000, 1.1100, 1.1200, 1.1350, 1.1450
Nearest support levels: 1.0550, 1.0500, 1.0450, 1.0200, 1.0000, 0.9600
Currencies trading and British pound. The price of GBP/USD has reached a local minimum around 1.5025 and in case of continuation of the negative dynamics, target levels will be 1.5000, 1.4800 and 1.4700. At the moment, there is a possibility of rebound of the price upwards to the nearest targets at 1,5150-1,5200. Our medium-term outlook remains negative and we recommend holding short positions.
Nearest resistance levels: 1.5200, 1.5250, 1.5300, 1.5500, 1.5675, 1.5700, 1.5800, 1.5900
Nearest support levels: 1.5000, 1.4800, 1.4700
Currencies trading and Japanese yen. The price of USD/JPY failed to overcome the support level at 122.50 and continue to decline and as a result broke through the upper limit of the local downward channel and in the near future may continue to rise to the resistance at 123.50. Our medium-term outlook remains positive and we expect growth in the near future.
Nearest resistance levels: 123.50, 124.50, 125.00, 125.70, 128.00, 130.00
Nearest support levels: 122.50, 121.50, 120.50, 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD continued to decline gradually and is currently close to the lower boundary of the local the ascending channel, and after breaking through the support at 0.7150, we with a high probability expect a further fall in price to 0.7080, 0.7000 and 0.6900. At the same time, quotations may rebound from the bottom of the channel and may reach the levels 0,7250-0,7300. We forecast a drop in the medium term and are waiting for the signal to sell.
Nearest resistance levels: 0.7200, 0.7300, 0.7400, 0.7500, 0.7600, 0.7700, 0.7800
Nearest support levels: 0.7150, 0.7080, 0.7000, 0.6900, 0.6750, 0.6600, 0.6500
Currencies trading and New Zealand dollar. The price of NZD/USD could not continue to decline, and to overcome the support at 0.6500 and now is corrected upwards. During the present upward impulse, the price can rise to the upper boundary of the descending channel and an important resistance level at 0.6600. We still recommend holding short positions with a stop above 0.6600 and objectives at 0.6450, 0.6250 and 0.6000. Our medium-term outlook remains negative.
Nearest resistance levels: 0.6600, 0.6700, 0.6800, 0.6900, 0.7000, 0.7200
Nearest support levels: 0.6500, 0.6450, 0.6400, 0.6320, 0.6250, 0.6200