10.10.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has not been able to gain a foothold below the level of 1.1140, and within the correction has returned to the important resistance level at 1.1200. A further increase in price is limited by the level of resistance at 1.1260 and its overcoming will be a signal for the continuation of growth of quotations to 1,1350-1,1400. According to our estimates, the decline will be resumed in the near future, and we maintain a medium-term negative outlook and forecast a drop in the near future.

Nearest resistance levels: 1,1200, 1,1260, 1,1400, 1,1500, 1,1620, 1,1750

Nearest support levels: 1,1140, 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550

Currencies trading and British pound. The price of GBP/USD has stabilized around the level of 1.2400 after a very sharp negative movement of quotations. In case of price correction targets will be 1.2600 and 1.2700. According to our estimates, despite the possibility of growth within the correction, quotes will continue to fall and the first targets then will be 1.2200 and 1.2000. Our medium-term outlook remains negative.

Nearest resistance levels: 1,2500, 1,2600, 1,2800, 1,3000, 1,3225, 1,3350, 1,3500, 1.3600

Nearest support levels: 1,2200, 1,2000, 1,1600, 1,1500

Currencies trading and Japanese yen. The price of USD/JPY corrected downward, and may soon reach the lower boundary of the rising channel. In the near future we expect a resumption of positive dynamics and in such a case the targets will be the levels of 105.00, 106.40 and 108.00. 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 has broken the inclined resistance line and at the moment it is around the level of 0.7600. In case of continued growth quotations may reach the resistance at 0.7700. On the other hand, fixation lower than 0.7600 is a strong signal to sell with targets at 0.7450 and 0.7250. Our medium-term outlook remains negative and we expect a drop in prices in the near future.

Nearest resistance levels: 0,7600, 0,7700, 0,7800, 0,8000

Nearest support levels: 0,7500, 0,7450, 0,7320, 0,7250, 0,7120, 0,7000

Currencies trading and New Zealand dollar. The price of NZD/USD has corrected upwards, and at the moment is trying to gain a foothold below the important level of 0.7200. In case of continued growth quotations may return to the level of 0.7320, but more likely will be a continuation of the negative dynamics of price with the objectives at 0.6820, 0.6600 and 0.6450. Our medium-term outlook remains negative.

Nearest resistance levels: 0,7200, 0,7320, 0,7400, 0,7500

Nearest support levels: 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6600, 0,6450

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