11.08.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continued growth during which could reach the inclined resistance line. For the continuation of the upward movement with the potential targets at 1.1400 and 1.1500, quotations must overcome an important level of 1.1200. It is worth noting the high probability of resumption of the negative dynamics in the near future, and in this case, the closest targets will be 1.1050 and 1.0985. Our medium-term outlook remains negative and we expect a decrease in the near future.
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 began to decline after failed to overcome the resistance level at 1.3100 and returned to the psychologically important level at 1.3000. Continued negative dynamics in the near future is possible to the target levels at 1.2800 and 1.2600. Our medium-term outlook remains negative, and growth is limited by the descending channel.
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 stabilized after the recent reduction within the local descending channel. In the near future quotations may reach the psychologically important level at 100.00 and in case of its breaking through it will reach 99.00. To resume growth quotations need to break through the upper boundary of the rising channel and the local maximum near 102.50. Our medium-term outlook remains positive, and we are waiting for growth in the near future.
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 has shown a strong movement during which was able to break through the upper boundary of the rising channel, but has not fixed above it and began to decline within the correction. In the case of continuation of the current correction, quotes will return to the support level at 0.7650 and the lower boundary of the rising channel, fixing below which will become the basis for the continuation of negative dynamics to 0.7500 and 0.7400. Our medium-term outlook 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 has shown strong growth after has overcome the resistance at 0.7250 and approached the level of 0.7320, but was not able to continue its growth. Further rise of quotations is possible to 0.7400. According to our estimates, the probability of a decline in the near future has increased significantly and in case of fall, the first targets will be 0.7200 and 0.7040. Our medium-term outlook is negative.
Nearest resistance levels: 0,7320, 0,7400, 0,7500
Nearest support levels: 0,7250, 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450