02.08.2016 - Technical view
Currencies trading and euro. The price of EUR/USD stabilized below the important level of 1.1200 after has shown the strong growth in previous days. In the case of overcoming the resistance level at 1.1200, the growth will continue until 1.1400. Our medium-term outlook remains negative and in case of resumption of the negative dynamics the first targets will be 1.1050 and 1.0850. Our medium-term outlook remains negative and we expect the price to drop in the near future.
Nearest resistance levels: 1,1050, 1,1200, 1,1400, 1,1500, 1,1620, 1,1750
Nearest support levels: 1,0985, 1,0850, 1,0800, 1,0700, 1,0550, 1,0500
Currencies trading and British pound. The price of GBP/USD decreased slightly and continues to move around the level of 1.3225. Further growth is limited by the resistance level at 1.3500. More likely is the reduction of quotations with the potential of reaching the levels 1.3000 and 1.2800. After a long consolidation, we expect to see strong price movement. Our medium-term outlook remains negative.
Nearest resistance levels: 1,3225, 1,3350, 1,3500, 1.3600, 1.3840, 1.4040, 1.4500, 1.4670
Nearest support levels: 1,3000, 1,2800, 1,2600, 1,2500, 1,2200, 1,2000
Currencies trading and Japanese yen. The price of USD/JPY has stabilized around the level of 102.50 after sharp fall in previous days. In case of continued negative dynamics, quotes will reach the psychologically important level of 100.00. Within the correction price can rebound to the level of 103.50 and an inclined resistance line. Our medium-term outlook remains positive, but a continuation of the negative dynamics will likely continue in the near future.
Nearest resistance levels: 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15
Nearest support levels: 101,40, 100,00, 99,00, 98,60
Currencies trading and Australian dollar. The price of AUD/USD showed a decrease after a recent decline and in the near future will probably fall below the level of 0.7500. This fact will be the basis for the continuation of the negative dynamics of price with the objectives at 0.7400 and 0.7320. In case of resumption of growth quotations will return to the range 0,7575-0,7650. Our medium-term outlook remains negative.
Nearest resistance levels: 0,7575, 0,7700, 0,7800, 0,8000
Nearest support levels: 0,7500, 0,7400, 0,7320, 0,7250, 0,7120, 0,7000, 0,6840
Currencies trading and New Zealand dollar. The price of NZD/USD corrected after the recent strong growth. In case of resumption of positive dynamics quotes will continue the upward movement to 0,7250-0,7300. Sell signal will be breaking through the bottom of the channel and the support level at 0.7130. Our medium-term outlook remains negative.
Nearest resistance levels: 0,7250, 0,7400, 0,7500
Nearest support levels: 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450