08.07.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continues to consolidate above the support level at 1.1050 and in case of its overcoming the next target levels will be 1.0985 and 1.0850. Growth in case of upward correction will be limited by the resistance level at 1.1200. Our medium-term outlook remains negative and we expect an increased level of volatility after the current consolidation.
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 after a minor correction to the important level of 1.3000, renewed decline and in the near future can reach the target marks at 1.2800 and 1.2600. The growth in the near future is limited by resistance levels at 1.3000 and 1.3225. We with a high probability expect price reduction in the near future and in the medium term.
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 gradually decreases within the descending channel, and may soon reach the psychologically important mark at 100.00. In order to overcome this level and the inclined support line will be needed a strong impetus. In case of rebound of quotes and breaking through the upper boundary of the descending channel, we expect continued growth to 103.50. Current fall according to our estimates may continue in the near future.
Nearest resistance levels: 101,40, 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15
Nearest support levels: 100,00, 99,00, 98,60
Currencies trading and Australian dollar. The price of AUD/USD continues to consolidate near the level of 0.7500. The further growth of quotations is limited by the levels 0,7550-0,7575. In case of resumption of negative dynamics quotes will return to the important level of 0.7400. According to our estimates, the price decline will continue in the medium term and the potential for growth in the near future is limited.
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 has grown to this year's highs around 0.7250 and in the case of its overcoming will continue the positive dynamics to 0.7400 and 0.7500. On the other hand, the more likely will be the resumption of negative dynamics of price with the first targets at 0.7140 and 0.7050. Our medium-term outlook remains negative and we expect change of the current rising impulse to the negative in the nearest 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