05.09.2016 - Technical view
Currencies trading and euro. The price of EUR/USD could not overcome the resistance level at 1.1200 and decline has resumed. In case of continued negative dynamics, the first targets will be 1.1050 and 1.0985. On the other hand, fixation above 1.1200 the level of, will be the reason for the continuing growth of quotations to 1,1350-1,1400. We forecast a drop in prices in the medium term and the current decline may continue in the near future.
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 growth after overcoming the level of 1.3225 and reached resistance at 1.3350. The breaking of this level will be the basis for continued growth of quotations with the target at 1.3500. According to our estimates, the upward movement will be short and the negative dynamics will resume in the near future with the potential decline up to 1.3000 and 1.2600. Our medium-term outlook remains negative and we look forward to the beginning of the decline in the near future.
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 has shown a rise in volatility, but continued to move within the local rising trend. Currently quotes are near the level of 103.50 and in case of continuation of growth closest targets will be 105,00 and 106,40. The fall within the correction is limited by the levels of 102,00-102,60. Our medium-term outlook remains positive.
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 continued growth in the descending channel and came close to the upper boundary and the level of 0.7600. Fixation above this mark will be the basis for opening long positions with potential targets at 0.7650 and 0.7700. Our medium-term outlook remains negative and we look forward to the resumption of negative dynamics in the near future with the objectives at 0.7450 and 0.7250.
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 continued to rise after has shown strong growth and volatility and in the near future quotations may continue to rise to 0.7400. According to our estimates, the decline will resume in the near future with a target at 0.7200 and consolidation below this level will be a strong signal to sell with targets at 0.6600 and 0.6450. We maintain our medium-term negative outlook, despite the likely increase in the near future.
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