13.07.2016 - Technical view

Currencies trading and euro. The price of EUR/USD returned to the support level at 1.1050 after failed attempt to restore growth. It is worth noting that the growth potential in the near future is limited by the level of 1.1200. On the other hand, in case of continuation of negative dynamics the targets will be 1.0985 and 1.0850. Our medium-term outlook remains negative and we expect a further fall in prices 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 continued upward correction within which was able to overcome significant resistance level at 1.3225, which is the basis for the continuation of the upward price movement with potential targets around 1.3500. According to our estimates, the growth of quotations within the correction will end soon and we will see a resumption of negative dynamics within which the price will return to the level of 1.3000 and will continue to fall.

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 within strong growth could reach the resistance level at 105.00, but has not overcome it and started to correct downwards. In case of continued negative dynamics, quotes, will return to the level of 103.50, after which probably will resume growth. We do not rule out repeated testing of the support level at 100.00, but our medium-term outlook remains positive, and we expect growth of quotations 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

Currencies trading and Australian dollar. The price of AUD/USD within the growth reached the inclined line of resistance and the level of 0.7650. In case of resumption of positive dynamics, the target will be 0.7700. We expect soon change of the current positive trend to negative, and in this case, the quotes will fall to 0.7500 and 0.7400. Our medium-term outlook remains pessimistic with the objectives at 0,6800-0,7000.

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 corrected to an Important level of 0.7250 after could not overcome the upper limit of the local rising channel. In case of continued negative dynamics, a signal to sell will be fixing of price below the local minimum around 0.7200 and the lower boundary of the channel. The growth in the near future is possible to the levels of 0.7400 and 0.7500. 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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