03.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD after a minor correction was able to continue its growth and has overcome the resistance level at 1.1200. Fixing the price above this level will be the basis for the continuing rising dynamics with the potential of reaching the level of 1.1400. In case of correction quotes will reach 1.1150 and overcoming of this level will be the basis for further reduction of quotations to 1.1050 and 1.0985. Our medium-term outlook remains negative.

Nearest resistance levels: 1,1400, 1,1500, 1,1620, 1,1750

Nearest support levels: 1,1200, 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 growth after overcoming the level of 1.3225. In the near future, quotations may continue upward momentum with the closest target at 1.3500, but overcoming this level is unlikely. According to our estimates, the growth of price in the near future will change the negative dynamics and in this case closest targets will be 1.3225 and 1.3000. Our medium-term outlook remains negative.

Nearest resistance levels: 1,3350, 1,3500, 1.3600, 1.3840, 1.4040, 1.4500, 1.4670

Nearest support levels: 1,3225, 1,3000, 1,2800, 1,2600, 1,2500, 1,2200, 1,2000

Currencies trading and Japanese yen. The price of USD/JPY continued to decline after fixed beyond the local descending channel. In the near future quotes probably will reach the psychologically important mark at 100.00, after which the decline may continue until 99.00, but the more likely will be the price rebound upwards with the objectives at 103.50 and 105.00. Our medium-term outlook remains negative.

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 rebounded from the important level of 0.7500 and restored the previously lost ground. To continue the growth with potential targets at 0.7700 and 0.7800, the price needs to overcome the resistance level at 0.7650. Our medium-term outlook remains negative, despite the recent increase in price.

Nearest resistance levels: 0,7650, 0,7700, 0,7800, 0,8000

Nearest support levels: 0,7575, 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 unsuccessful attempt to overcome the resistance level at 0.7250. In case of continued growth and overcoming 0.7250, the price may rise to 0.7320 and 0.7400. The signal about the change of the local upward trend to the negative will be price the fixing below 0.7130 and breaking through the ascending channel's lower border. Our medium-term outlook remains negative with the objectives at 0.6450 and 0.6250.

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

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