05.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continued to fall after breaking through the local ascending channel's lower border. In the near future the current dynamics may continue to 1.1050 in the near future, and overcoming of this level will be the basis for the continuation of negative dynamics to 1.0985. In case of overcoming the level of 1.1200, we expect further price growth to 1.1400. Our medium-term outlook remains negative and we expect a rise in volatility 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 showed a sharp decline after some consolidation around the level of 1.3350. Within the reduction the quotes broke through the bottom border of the local ascending channel and the support level at 1.3225. The next upside target level is 1.3000 and overcoming of this mark will be the basis for further decline of price to 1.2800. Our medium-term outlook remains negative and we expect saving of the high level of volatility in the near future.

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 consolidate within which reached the bottom of the channel the limits of which has left earlier. The next upside target level is 100.00 and in case of its breaking is likely continued decline to 99.00. According to our estimates, the probability of beginning of the upward correction has increased significantly. Our medium-term outlook remains positive and, after some consolidation, we expect a rise in volatility today.

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 continued to grow within the ascending channel and reached the resistance at 0.7650. Fixing the price above this mark will be reason for continued price growth to 0.7700 and 0.7800. Our medium-term outlook remains negative and the probability of falling with the first targets at 0.7500 and 0.7400 in the near future, has grown significantly.

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 resumed growth after reached the lower boundary of the local ascending channel and could not overcome the support at 0.7130. The upward dynamics in the near future is limited by the levels of 0.7250 and 0.7320. The signal to sell in case of resumption of negative dynamics will be price fixing below the level of 0.7130. 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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