12.07.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has continued to consolidate near the level of 1.1050. In case of upward correction and continued growth, quotations may reach the level of 1.1200, the overcoming of which in the near future is unlikely. According to our estimates, after the completion of the current consolidation, the decline will resume with potential targets at 1.0850 and 1.0700. Our medium-term outlook remains negative and we expect a fall 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 after a long consolidation below the important level of 1.3000, started to correct and as a result broke through the level of 1.3000. In case of continued upward price movement, the targets will be 1.3225 and 1.3500. After completion of the current correction, we expect to see a resumption of negative dynamics with potential decline to 1.2600 and 1.2200.

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 continues to grow after rebounded from the support level at 100.00 and has broken through the upper limit of the downward channel. As a result, quotations approached the level of 103.50, a break of which will be a signal about change of trend to positive and will be the basis for continued growth with targets at 106.40 and 108.00. Our medium-term outlook remains positive and the growth in the near future is limited by the support at 100.00.

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 continued to rise after a slight correction and as a result broke through the resistance level at 0.7575. In case of fixation above this level, quotations will continue to rise to 0.7700. According to our estimates, the growth potential significantly reduced and the fall may be resumed in the near future. Our medium-term outlook remains negative.

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

Nearest support levels: 0,7575, 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 after the correction resumed growth and again has overcome the resistance at 0.7250. The current positive dynamics according to our forecast may continue to the levels of 0,7400-0,7500, but further rise is unlikely. In case of resumption of negative dynamics, a signal to sell will be the price fixing below 0.7200. Our medium-term outlook remains negative.

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

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