10.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD after some consolidation showed a sharp rise and in the near future can reach the upper limit of the downward channel and the level of 1.1200. In case of overcoming these levels, growth may continue to 1.1400. A more likely scenario in the near future will be the resumption of the negative dynamics of price with closest targets at 1.1050 and 1.0985. Our medium-term outlook remains negative and we look forward to a soon resumption of the price reduction.

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 has not been able to gain a foothold below the level of 1.3000 and started to correct upwards. Currently quotes approached the level of 1.3100, and its overcoming will become the basis for continued growth with potential targets at 1.3350 and 1.32250. According to our estimates, the growth potential is limited, and the fall is likely to resume in the near future and will continue in the medium term, with potential targets at 1.2800 and 1.2600.

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 resumed the fall within the descending channel, and in the near future may continue a decrease with the closest targets at 100.00. In case of breaking this level, the decline may continue until 99.00. It is worth noting that the buy signal will be the price fixing outside of the descending channel and above the local maximum at 102.60. Our medium-term outlook remains positive, and we expect the resumption of growth in the near term.

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

Currencies trading and Australian dollar. The price of AUD/USD was able to overcome the resistance at 0.7650 and as a result reached another target at 0.7700. In case of continued rising dynamics within the channel, the next target will be 0.7800. According to our estimates, potential for growth declined and soon fall can be resumed with nearest objectives at 0.7500 and 0.7400. Our medium-term outlook also remains negative.

Nearest resistance levels: 0,7700, 0,7800, 0,8000

Nearest support levels: 0,7650, 0,7575, 0,7500, 0,7400, 0,7320, 0,7250, 0,7120, 0,7000

Currencies trading and New Zealand dollar. The price of NZD/USD broke through the upper limit of the local downward channel and in the near future can reach the resistance level at 0.7250. Overcoming this level will be the basis for continued growth till 0.7320 and 0.7400. Despite the possible continuation of growth in the near future, we keep a medium-term negative outlook, and expect increased volatility in the coming days.

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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