30.12.2015 - Technical view
Currencies trading and euro. The price of EUR/USD after a long consolidation showed a sharp decline of quotations, and as a result broke through the sloping support line and reached 1.0900. Currently quotes are trying to gain a foothold below the inclined line and in case of success and overcoming the level 1.0900 will continue to fall to 1.0800 and 1.0700. Growth is limited by resistance levels at 1,0985-1,1000. Our medium-term outlook is negative and we expect a decline in the near future.
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 could not overcome the inclined resistance line and after some consolidation resumed its fall and reached the level of 1.4800. Currently quotes are corrected upwards and for the resumption of growth the price must overcome resistance at 1,4950-1,5000. Our medium-term outlook is negative with the objectives at 1.4600 and 1.4000.
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 consolidate within a narrow corridor 120,20-120,50 following stabilization after a strong fall. Fixing below 120.20 will be the basis for the continuation of the negative dynamics to 118,50-119,00. It is worth noting that the price broke the upper limit of the local downward channel and in case of fixation above 120.50, we recommend opening long positions with the stop below 120.20 and objectives at 121.50, 122.30 and 123.60. Our medium-term outlook remains negative.
Nearest resistance levels: 120.50, 121.50, 122.30, 123.60, 124.50, 125.00, 125.70, 128.00
Nearest support levels: 120.20, 119.00, 118.50, 118.00, 117.00
Currencies trading and Australian dollar. The price of AUD/USD continues to grow within the local ascending channel and approached the resistance at 0.7300. Overcoming this level will be the basis for continued growth to 0,7350-0,7400. The signal for the opening short position will be breaking through the bottom of the channel and fixing below the local minimum at 0.7250. Our medium-term outlook remains negative 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 within the upward trend approached the strong resistance level at 0.6900. Overcoming this resistance is unlikely, but in case of continued growth quotations may reach the levels 0,7000-0,7050. In case of breaking through the inclined resistance line, we expect further drop of price to 0.6800, 0.6700 and 0.6600. Our medium-term outlook remains negative and we recommend opening short positions with a stop above 0.6900.
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