06.07.2016 - Technical view

Currencies trading and euro. The price of EUR/USD started to correct and as a result has left the local ascending channel. At the moment the price has reached an important mark 1.1050 breaking through which will be the basis for the continuation of the negative dynamics of price to 1.0985 and 1.0850. The growth in the near future is limited by the resistance at 1.1200. Our medium-term outlook is negative and we expect a drop 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 has broken through the support level at 1.3225 and accelerated the fall during which has overcome the psychologically important level of resistance at 1.3000. This fact is the basis for the continuation of the negative dynamics of price to 1.2800 and 1.2600. Our medium-term outlook remains negative, and growth within the correction will be limited by the levels of 1.3000 and 1.3225.

Nearest resistance levels: 1,3000, 1,3225, 1,3350, 1.3600, 1.3840, 1.4040, 1.4500, 1.4670

Nearest support levels: 1,2800, 1,2600, 1,2500, 1,2200, 1,2000

Currencies trading and Japanese yen. The price of USD/JPY continued to decline and may soon return to the psychologically important mark of 100.00, a break of which will cause further decline with potential targets at 99.00 and 98.60. According to our estimates in the near future there is a possibility of rebound of quotations to the nearest resistance levels at 101.60 and 103.00. We expect a continuation of the current downward momentum in the near future.

Nearest resistance levels: 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15, 113.00

Nearest support levels: 101,40, 100,00, 99,00, 98,60

Currencies trading and Australian dollar. The price of AUD/USD shows a strong drop after reached the upper boundary of the local ascending channel and started to decline within the correction. As a result, quotes reached the support level at 0.7400 and its overcoming will be the basis for the continuation of the negative dynamics to 0.7320 and 0.7250. According to our estimates, the decline will continue in the near future and we still maintain a medium-term negative outlook with the targets around 0.6800.

Nearest resistance levels: 0,7575, 0,7700, 0,7800, 0,8000

Nearest support levels: 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 could not overcome the resistance level at 0.7250 and as the result of correction has broken the lower border of the rising local channel. In the near future prices may reach the levels of 0.7050 and 0.6970. Our medium-term outlook remains negative and the probability of decline remains high in the near future.

Nearest resistance levels: 0,7250, 0,7400, 0,7500

Nearest support levels: 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450, 0,6400

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