08.09.2016 - Technical view
Currencies trading and euro. The price of EUR/USD is consolidating below 1.1260 and its overcoming will be the basis for continued growth of quotations to 1,1350-1,1400. It is worth mentioning that earlier quotes has left the limits of the local downtrend channel and can grow in the near future. According to our forecasts, the decline will resume in the near future. Our medium-term outlook remains negative.
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 corrected downwards inside the rising channel and is currently located around the level of 1.3350. With a further drop of quotes within the channel, the price will reach the bottom border and the level of 1.3225. Growth in the near future is limited by the levels of 1.3500 and 1.3600. Our medium-term outlook remains negative and we are waiting for the continuation of negative dynamics in the near future.
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 stabilized after yesterday's decline as a result of which the price has reached the level of 101.40. In case of continued negative dynamics closest targets will be 100.85 and 99.60. According to our forecasts, the drop will end shortly and the positive dynamics of quotations will resume. Our medium-term outlook remains positive.
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 is consolidated within the range 0,7650-0,7700. In case of continuation of the upward impulse and overcoming the level of 0.7700, the growth will continue to 0.7800 and 0.8000. In the near future quotes will probably correct downwards in case of fixation below 0.7650, the first targets within the fall will be 0.7500 and 0.7320. Our medium-term outlook remains negative.
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 continued growth during which broke through the upper boundary of the rising channel. The next target levels for further growth will be 0.7700 and 0.7800. According to our estimates, the probability of correction in the near future has grown significantly and in case of a fall, the closest target levels will be 0.7320 and 0.7050. 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