07.09.2016 - Technical view
Currencies trading and euro. The price of EUR/USD has shown strong growth and was able to overcome the resistance level at 1.1200 and the upper limit of the local downward channel and fixation above will become the basis for the continued rising dynamics with targets at 1,1350-1,1400. In the near future, quotations may continue to grow, but its potential is limited. We maintain our medium-term negative outlook.
Nearest resistance levels: 1,1400, 1,1500, 1,1620, 1,1750
Nearest support levels: 1,1200, 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 its growth after has overcome the resistance at 1.3350. Currently quotes are around the upper boundary of the rising channel and in case of continuation of the current dynamics, the next target level will be 1.3500 and 1.3600. Our medium-term outlook remains negative and at the moment there is a high probability of correction within the channel to its lower limit.
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 broken the lower boundary of the local rising channel and started a sharp decline. The current correction may continue until 99.60 and 100.85 the levels. The current decline may continue in the near future, but our medium-term outlook remains positive with the first targets at 103.50, 105.00 and 106.40.
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 shows an increase after has broken the upper boundary of the local descending channel and has overcome the levels 0.7600 and 0.7650. In the near future, growth may continue to 0.7700 and 0.7800. After strong growth there is a high probability of price correction. Our medium-term outlook remains negative and we look forward to early completion of the current growth.
Nearest resistance levels: 0,7700, 0,7800, 0,8000
Nearest support levels: 0,7650, 0,7500, 0,7400, 0,7320, 0,7250, 0,7120, 0,7000
Currencies trading and New Zealand dollar. The price of NZD/USD has shown a sharp increase during which reached the top of the rising channel. It is worth noting that the quotes have overcome the levels of 0.7320 and 0.7400, which is the basis for the continuation of the upward price movement to 0.7500. According to our estimates, at the moment there is a high probability of the price correction start with nearest targets at 0.7320 and 0.7250. 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