05.10.2016 - Technical view
Currencies trading and euro. The price of EUR/USD rebounded upwards after it reached the support level at 1.1140. At the moment, there is a possibility of continuing growth to 1.1260, overcoming of which will be the reason for the continued price increase to 1,1350-1,1400. Despite current growth, its capacity is limited and we maintain a medium-term negative outlook, and expect the resumption of the fall 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 has continued the fall and was able to reach the target level of 1.2800, and then continued its decline. In case of correction quotations may return to the upper boundary of the descending channel and the level of 1.3000. A more likely scenario, according to our estimates, will be a continuation of negative dynamics with potential targets at 1.2600 and 1.2200. Our medium-term outlook remains negative.
Nearest resistance levels: 1,2800, 1,3000, 1,3225, 1,3350, 1,3500, 1.3600, 1.3840, 1.4040
Nearest support levels: 1,2600, 1,2500, 1,2200, 1,2000
Currencies trading and Japanese yen. The price of USD/JPY continued to rise after has left the descending channel. Currently quotes are near the level of 103.00, and while maintaining the current positive impulse growth will continue to 105,00 and 106,40. The price correction is possible up to the inclined support line. The probability of continued growth in the near future remains high and we maintain a medium-term positive outlook.
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 rebounded upwards after could not overcome the support level at 0.7600. Further growth is limited by the resistance levels 0,7700-0,7730. On the other hand, fixing the price below 0.7600 will be a strong signal to sell with targets at 0.7450 and 0.7250. Our medium-term outlook remains negative and we are waiting for the signal to sell.
Nearest resistance levels: 0,7600, 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 shown a sharp decline and as a result has been able to break through the support level at 0.7200. Fixing the price below this level will confirm the signal to sell with the objectives at 0.6820, 0.6600 and 0.6450. Growth is limited by resistance levels at 0.7250 and 0.7320. Our medium-term outlook remains negative.
Nearest resistance levels: 0,7200, 0,7320, 0,7400, 0,7500
Nearest support levels: 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6600, 0,6450