12.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD is corrected within the descending channel after reached its upper limit. In the near future price may return to the important level of 1.1050 and continue the decline to 1.0985. In case of resumption of growth and overcoming the important level of 1.1200, the growth will continue until 1.1400. Our medium-term outlook remains negative with the objectives at 1.0700 and 1.0550 and we expect a continuation of the current fall.

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 could not continue an upward correction and overcome the resistance level at 1.3100. As a result, quotes have fallen below the level of 1.3000, and may continue the decline to the next target marks at 1.2800 and 1.2600. The growth in the near future is limited by the channel’s boundary and the levels of 1.3100 and 1.3225. We forecast a drop of price the medium term.

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 renewed growth and has reached the upper limit of the downward channel breaking through which and overcoming a local maximum at 102.60 will be a strong buy signal with the targets at 105,00 and 106,40. In this case the stop should be set below 101.00. The fall in the near future, is possible to the levels 99,00-100,00. Our medium-term outlook is positive and we expect continued increase 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 continues to decline inside the rising channel and may soon return to the level of 0.7650. Fixation lower than this level and the bottom of the channel will be the reason for the continuation of negative dynamics of price to 0.7500 and 0.7400. The upward movement is limited by the resistance at 0.7800. 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 is falling after could not overcome the strong resistance level at 0.7320. As a result, the price reached the support at 0.7200, fixing below which will become the basis for the continuation of negative dynamics to 0.7050 and 0.6970. Our medium-term outlook remains negative.

Nearest resistance levels: 0,7250, 0,7320, 0,7400, 0,7500

Nearest support levels: 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450

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