02.09.2016 - Technical view
Currencies trading and euro. The price of EUR/USD corrected upwards sharply and reached the level of 1.1200. Overcoming this level will be the basis for the continuation of positive dynamics with the objectives at 1,1350-1,1400. According to our estimates, the decline will continue in the near future, and in this case, the first targets will be 1.1050 and 1.0985. Our medium-term outlook remains negative and we expect strong price movement today.
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 continued to rise after has overcome the resistance level at 1.3225 and may soon reach the nearest target mark at 1.3350. According to our estimates, fixation above this level will be the reason for the continued growth to 1.3500 and 1.3600. Despite current growth, we expect a drop in prices in the medium term, and today with a high probability will see strong price movements.
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 corrected downward after strong growth in previous days and is currently consolidating around the level of 103.50. The fall of quotations within the correction is possible up to the levels 102.00 and 100.85. Today we expect increased price volatility. Our medium-term outlook remains positive and the probability of growth with its closest objectives at 105.00 and 106.40 remains high.
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, 97,00
Currencies trading and Australian dollar. The price of AUD/USD corrected in the descending channel and could continue the current growth to its upper limit and the level of 0.7600. A more likely scenario in the near future is the renewal of the negative dynamics of prices with immediate objectives at 0.7320 and 0.7250. Our medium-term outlook remains negative.
Nearest resistance levels: 0,7650, 0,7700, 0,7800, 0,8000
Nearest support levels: 0,7500, 0,7400, 0,7320, 0,7250, 0,7120, 0,7000
Currencies trading and New Zealand dollar. The price of NZD/USD continues to grow gradually, and may soon reach the levels 0.7320 and 0.7400. According to our estimates, the more likely scenario will be the resumption of a negative price dynamics. Confirmation of sell signal will be breaking through the local minimum at 0.7200. Today we expect the volatility growth and medium-term outlook remains negative.
Nearest resistance levels: 0,7250, 0,7320, 0,7400, 0,7500
Nearest support levels: 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450