13.10.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD was able to overcome the level of 1.1050 and may soon reach the target mark at 1.0985, after which the following targets will be 1.0850 and 1.0700. In case of correction, the price may return to the levels of 1.1050 and 1.1100. According to our estimates, the probability of further reduction of quotations remains high and we expect the decline in prices in the near future and medium term.

Nearest resistance levels: 1,1050, 1,1140, 1,1200, 1,1260, 1,1400, 1,1500, 1,1620, 1,1750

Nearest support levels: 1,0985, 1,0850, 1,0800, 1,0700, 1,0550

Currencies trading and British pound. The price of GBP/USD continued to fall and reached the target level at 1.2200. With a further decrease, we expect a price drop to 1.2000 and 1.1600. In case of correction, quotations may return to the levels of 1,2400-1,2500 and the inclined resistance line. According to our forecasts, the decline will continue in the short and medium term, but after the recent decline is likely upward price correction.

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 showed a sharp correction within which returned to the level of support at 103.50 and the bottom of the channel. In case of continued negative dynamics and overcoming these levels, we expect a drop in prices to 102.80 and 101.40. According to our estimates, the overcoming of important level at 103.50, is a strong stimulus for continued growth to 105.00, 106.40 and 108.00. Our medium-term outlook remains positive, and we are waiting for the resumption of growth within the channel.

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 was not able to continue the growth and overcome the inclined resistance line. As a result, quotations resumed their fall and currently are moving within the local descending trend. In case of continued negative dynamics, the closest targets will be 0.7450, 0.7320 and 0.7120. Our medium-term outlook remains negative and we expect price decline 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 is consolidated around the level of 0.7050, and continues moving inside the descending channel. In case of overcoming this support, the following targets will be 0.6940, 0.6820 and 0.6600. Correction is limited by the channel boundary and its breaking through will be a reason for further price growth to 0.7200. Volatility will increase after the current consolidation. We forecast a drop in the medium term and 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

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