11.10.2016 - Technical view
Currencies trading and euro. The price of EUR/USD has returned to the level of 1.1140, after failed to overcome the resistance at 1.1200, and has resumed the fall. Further target while reducing will be the levels 1.1050, 1.0985 and 1.0850. Our medium-term outlook remains negative, and growth in the correction will be limited by the levels 1,1200-1,1260.
Nearest resistance levels: 1,1140, 1,1200, 1,1260, 1,1400, 1,1500, 1,1620, 1,1750
Nearest support levels: 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550
Currencies trading and British pound. The price of GBP/USD has continued to decline steadily and with high probability in the near future will reach the first target at 1.2200 and then may continue decline to 1.1200, 1.1600 and 1.1500. In case of correction, quotes, will return to the levels of resistance at 1,2500-1,2600. According to our estimates, the decline will continue in the near future and the medium-term outlook also 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 has continued growth within the local uptrend. At the moment quotes are trying to gain a foothold above the important level of 103.50 and in case of success the closest targets will be 105,00, 106,40 and 108,00. The breaking of the rising channel's lower border, and the level of 102.60, will be the cause for reducing the price to 101.40 and 100.00. Our medium-term outlook remains positive and growth is likely to continue in the near future.
Nearest resistance levels: 105,00, 106,40, 108,00, 109,75, 111,00, 112,15
Nearest support levels: 103,50, 101,40, 100,00, 99,00, 98,60, 97,00
Currencies trading and Australian dollar. The price of AUD/USD after some consolidation around the level of 0.7600, continued to decline. It is worth noting that the price fixing below 0.7600, was the signal for the opening short positions with a stop above 0.7700 and the target levels at 0.7450, 0.7320 and 0.7120. Our medium-term outlook remains negative and the probability of falling prices is high 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 accelerated the fall and has overcome the level of 0.7130. It is worth mentioning that the price fixing below 0.7200 has become a strong signal to sell with targets at 0.6820, 0.6600 and 0.6450. Stop should be set above 0.7320 and when reaching the level of 0.7050, it should be moved closer to 0.7200. Our medium-term outlook remains negative and we expect a strong drop in price in the near future.
Nearest resistance levels: 0,7130, 0,7200, 0,7320, 0,7400, 0,7500
Nearest support levels: 0,7050, 0,6940, 0,6820, 0,6720, 0,6600, 0,6450