01.07.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continues to consolidate above the level of 1.1050, and moves within the local rising channel. The immediate target in case of continued growth will be 1.1200. On the other hand, the breaking of the local ascending channel's lower border and fixation under 1.1050 will be the basis for the continuation of the negative dynamics of the price to 1.0985 and 1.0850. Our medium-term outlook remains negative.
Nearest resistance levels: 1,1200, 1,1400, 1,1500, 1,1620, 1,1750
Nearest support levels: 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550, 1,0500
Currencies trading and British pound. The price of GBP/USD has fallen to the support level at 1.3225, but failed to continue the growth and began to correct. As a result, quotes returned to the level of 1.3350. According to our forecast growth in the near future is possible only within the correction and is limited by the level of 1.3600. A more likely scenario in the near future will be a continuation of the negative dynamics of price with the objectives at 1.3000 and 1.2600.
Nearest resistance levels: 1,3400, 1.3600, 1.3840, 1.4040, 1.4500, 1.4670, 1.4850, 1,5000
Nearest support levels: 1,3225, 1,3000, 1,2600
Currencies trading and Japanese yen. The price of USD/JPY continues to grow gradually and within the rising dynamics approached to the level of 103.50 breaking through which will be the basis for continued upward momentum of price to 106.40. On the other hand, there is the possibility of renewed negative dynamics to the psychologically important level of 100.00. Our medium-term negative outlook remains positive.
Nearest resistance levels: 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15, 113.00
Nearest support levels: 100,00, 99,00, 98,60
Currencies trading and Australian dollar. The price of AUD/USD continued to rise after has overcome a mark 0.7400. Further growth is limited by the levels of 0.7500 and 0.7575. The signal of the trend reversal will be fixing of price below strong support at 0.7320 and as a result quotations may drop to 0.7250 and 0.7120. Our medium-term outlook remains negative, but we do not exclude the continuation of growth in the next few days.
Nearest resistance levels: 0,7500, 0,7575, 0,7700, 0,7800, 0,8000
Nearest support levels: 0,7400, 0,7320, 0,7250, 0,7120, 0,7000, 0,6840
Currencies trading and New Zealand dollar. The price of NZD/USD after some correction has resumed growth, and as a result has overcome the resistance level at 0.7130. In this regard, we expect continued growth of quotations to 0.7250 in the near future. Upside potential in the near future is limited and our medium-term outlook remains negative.
Nearest resistance levels: 0,7130, 0,7250, 0,7400, 0,7500
Nearest support levels: 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450, 0,6400, 0,6320+