04.10.2016 - Technical view
Currencies trading and euro. The price of EUR/USD has not reached the resistance level at 1.1260 and started to decline within which reached the support at 1.1200 and may soon be reduced to the level of 1.1140, the overcoming of which will be the basis for the continuation of a negative price dynamics with targets at 1.1050, 1, 0985 and 1.0850. Our medium-term outlook remains negative and we expect a decrease in the near future.
Nearest resistance levels: 1,1200, 1,1260, 1,1400, 1,1500, 1,1620, 1,1750
Nearest support levels: 1,1140, 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550
Currencies trading and British pound. The price of GBP/USD continued to fall within the descending channel and in the near future is likely to reach the target level of 1.2800 and then may continue decline to 1.2600. The price correction is limited by the upper limit of the downward channel and the psychologically important mark of 1.3000. Our medium-term outlook remains negative and we expect a fall in the near future.
Nearest resistance levels: 1,3000, 1,3225, 1,3350, 1,3500, 1.3600, 1.3840, 1.4040, 1.4500
Nearest support levels: 1,2800, 1,2600, 1,2500, 1,2200, 1,2000
Currencies trading and Japanese yen. The price of USD/JPY continued upward movement along the inclined line of support and as a result was able to overcome the upper limit of the downward channel and the level of resistance at 101.40, above fixing above which will be the confirmation of the signal to sell with the objectives at 103.50, 105.00 and 106.40. Our medium-term outlook remains positive, and we expect growth in the near future.
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, 97,00
Currencies trading and Australian dollar. The price of AUD/USD is consolidating after was able to overcome the resistance level at 0.7650. In the near future, growth will be limited by the levels of 0,7700-0,7730 but overcoming them is unlikely in the near future. According to our estimates, the decline will resume in the near future and a signal to sell with targets at 0.7450, 0.7250 and 0.7000 will be breaking through the support at 0.7600. We forecast the fall in the medium term.
Nearest resistance levels: 0,7650, 0,7700, 0,7800, 0,8000
Nearest support levels: 0,7500, 0,7450, 0,7320, 0,7250, 0,7120, 0,7000
Currencies trading and New Zealand dollar. The price of NZD/USD has broken through the upper limit of the triangle and in case of overcoming the resistance at 0.7320, we expect further price growth to 0,7400-0,7500. On the other hand, the signal to sell will be price fixing below 0.7200. Our medium-term outlook remains negative and we are waiting for a decline in the near future.
Nearest resistance levels: 0,7320, 0,7400, 0,7500
Nearest support levels: 0,7200, 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6600, 0,6450