06.09.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continued to decline gradually after failed to overcome the resistance level at 1.1200. In the near future, quotations may continue the negative dynamics to the next level at 1.1050 and 1.0985. It is worth noting that in case of overcoming upper limit of the current downtrend channel and the level of 1.1200, the growth is likely to continue to 1,1350-1,1400. Our medium-term outlook remains negative.
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 continues to increase gradually after has overcome the level of 1.3225. In order to continue upward dynamics of quotations with objectives at 1.3500 and 1.3600, quotations must overcome nearest resistance at 1.3350. According to our estimates, the price may correct within the channel in the near future. Our medium-term outlook also remains negative.
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 started growing after the recent correction and is currently located near the level of 103.50. In case of continued growth, the quotes will continue the upward movement up to 105,00 and 106,40. In case of a downward correction quotations may fall to 102,00-102,60. Our medium-term outlook remains positive, and we expect continued growth in the near future.
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 broke through the upper limit of the downward channel and the level of 0.7600, which is the basis for continued growth of quotations with the closest targets at 0.7650 and 0.7700. In case of resumption of the negative dynamics, the closest targets will be 0.7500. We maintain our medium term negative outlook with objectives at 0,6800-0,7000.
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 continues to consolidate near the level of 0.7320 and further growth is possible up to the level of 0.7400. A more likely scenario is the resumption of the negative dynamics in the near future to 0.7200 and fixation below this level will be a strong signal to sell with targets at 0.6600 and 0.6450. 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