09.09.2016 - Technical view

Currencies trading and euro. The price of EUR/USD showed a rise in volatility and at the moment is located near the important level of 1.1260. In case of continued growth, quotations will reach the level of 1.1400. To resume the negative dynamics quotes need to gain a foothold below the level 1.1200. Our medium-term outlook remains negative with the targets 1.0700 and 1.0550.

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 correction inside the rising channel and may soon reach the level of 1.3225 and the lower boundary of the channel fixing below which will become a signal to sell with targets at 1.3000 and 1.2800. A price increase in the near future, is possible to 1.3500 and 1.3600. Our medium-term outlook is positive, but we do not exclude growth within the channel in the near future.

Nearest resistance levels: 1,3350, 1,3500, 1.3600, 1.3840, 1.4040, 1.4500, 1.4670

Nearest support levels: 1,3225, 1,3000, 1,2800, 1,2600, 1,2500, 1,2200, 1,2000

Currencies trading and Japanese yen. The price of USD/JPY corrected up to the level of 102.60, but could not continue an upward dynamics. In case of continuation of the current negative dynamics, quotations may return to the levels of 100.85 and 99.60. On the other hand, in case of opening long positions with the first targets at 105.00 and 106.40, the stop should be set lower than 101.40. Our medium-term outlook remains negative.

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 after reaching the upper boundary of the rising channel, began to decline sharply and reached the support level at 0.7650 and the lower boundary of the channel. Fixation lower than this level will be a signal for the continuation of negative dynamics of price with potential targets at 0.7500 and 0.7320. Our medium-term outlook remains negative, and growth in the near future is limited by the levels of 0,7750-0,7800.

Nearest resistance levels: 0,7750, 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 not been able to reach the level of 0.7500 and continues to grow and started to correct downwards. In the near future, quotations may continue the decline to 0.7320 and 0.7250. According to our forecasts, growth may continue in the near future, but more likely will be an early resumption of negative dynamics. Our medium-term outlook remains pessimistic.

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

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