14.07.2016- Technical view

Currencies trading and euro. The price of EUR/USD rebounded from the level of 1.1050 and continued to consolidate above it. Currently quotes are around the level of 1.1100 and in case of continuation of rising dynamics, can reach an important level of 1.1200. Our medium-term outlook remains negative and we expect the resumption of the negative dynamics in the near future with the first targets at 1.0985 and 1.0700.

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 increases after adjusted downward. It should be noted that the potential for further growth is limited and within the positive dynamics quotations may reach the level of 1.3500. According to our estimates, the drop in prices will resume after completion of the current growth, and in this case the target levels will be 1.3000, 1.2800 and 1.2600. Our medium-term outlook remains negative.

Nearest resistance levels: 1,3225, 1,3350, 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 continued to consolidate below the level of 105.00 after was unable to overcome it. Further reduction of prices in the near future, is possible to 103.50, but we anticipate continued growth and overcoming the mark of 105.00 will be the basis for further growth with targets at 106.40 and 108.00. Our medium-term outlook remains positive, and we expect continued rise 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 after overcoming the resistance level at 0.7575, keeps consolidating above it. In case of continued growth the closest targets will be 0.7700 and 0.7800. Despite the current growth within the positive trend, we expect the decline in prices in the medium term and look forward to increased volatility in the coming days.

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 was not able to continue the growth and began to correct inside the rising channel. In the near future quotes probably will reach the bottom of the channel and the level of support at 0.7200. Fixation lower than these levels will be a signal to sell with targets at 0.7130 and 0.7050. The growth in the near future is limited by the resistance at 0.7400. Our medium-term outlook remains negative.

Nearest resistance levels: 0,7250, 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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