04.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has broken the lower border of the rising local channel after failed to overcome the inclined resistance line and to gain a foothold above the important level of 1.1200. Overcoming these levels in the near future is unlikely. Currently quotes are below 1.1150, and according to our estimates may continue to decline to 1.1050 and 1.0985 in the near future. Our medium-term outlook remains negative.

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 is consolidating after recent gains within the local rising channel. Further growth of quotations is possible to the level of 1.3500 and overcoming of this mark is unlikely. We expect growth of volatility today and in case of breaking through the lower boundary of the channel and the support level at 1.3225, falling will continue to 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 is consolidating after recent decline. In the near future quotes probably will reach the lower boundary of the channel, which had left earlier. In the near future the price may fall to 100.00, but the probability of fixing below this level is minimal. According to our forecasts, growth will resume in the near future, with the potential of achieving the marks 103,50 and 105,00. Our medium-term outlook also remains positive.

Nearest resistance levels: 101,40, 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15

Nearest support levels: 100,00, 99,00, 98,60

Currencies trading and Australian dollar. The price of AUD/USD has resumed growth after some consolidation and in the near future can reach the resistance at 0.7650. Fixation above this mark will be the basis for continued growth to 0.7700 and 0.7800. According to our estimates, the growth potential is limited and we expect the resumption of the fall in the near future. Our medium-term outlook remains negative with the objectives at 0.7000 and 0.6840.

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 to the local ascending channel's lower border and can rebound from it with the potential of reaching the levels of 0.7250 and 0.7320. Exit of price beyond the channel and fixation lower than the support level at 0.7130 will be a signal to sell with targets at 0.7050 and 0.6970. Our 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

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