11.07.2016 - Technical view
Currencies trading and euro. The price of EUR/USD has shown a rise in volatility, but as a result continued consolidation around an important level of 1.1050. In case of correction and resumption of growth, the closest target level will be 1.1200. A more likely scenario, according to our estimates will be a continuation of negative price movement to 1.0985 and 1.0850. Our medium-term outlook remains negative.
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 continued to consolidate below the psychologically important mark of 1.3000. In case of resumption of growth and breaking through the level 1.3000, rising price dynamics is likely to continue to 1.3225 and 1.3500. According to our estimates, prices fall is likely to continue with the nearest objectives at 1.2800 and 1.2600. Our medium-term outlook remains negative.
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 rebounded from a strong support level at 100.00 and currently is near the upper boundary of the local descending channel and level of 101.40. Fixing the price above these levels will be the basis for continued rising dynamics of price 103,50 and 106,40. Reduction potential in the near future is limited and we expect growth of price in the medium term.
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 continued to rise and reached the resistance level at 0.7575 and its overcoming will be the basis for further price growth 0.7700. At the moment, there is a possibility of correction of quotations with the first targets at 0.7500 and 0.7400. Potential price increase is limited and we expect a decrease in quotations in the near future and medium term.
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 within the upward movement was able to overcome the resistance level at 0.7250 and updated the highs of this year. As a result, quotes reached the upper boundary of the rising channel and in the near future may correct down. Our medium-term outlook is negative and we expect a continuation of the current correction.
Nearest resistance levels: 0,7400, 0,7500
Nearest support levels: 0,7250, 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450