15.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has shown a sharp increase during which has reached an important level of 1.1200, but could not overcome it. As a result, quotations resumed decline and returned inside the descending channel. In case of continued negative dynamics, the closest targets will be 1.1050 and 1.0985. On the other hand, fixing the price above the level of 1.1200, will be the basis for further growth with the objectives 1,1350-1,1400. Our medium-term outlook remains negative and we expect the 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 continued to decline along the bottom of the channel after fixed below the psychologically important level of 1.3000. This fact is the basis for the continuation of the upward movement of quotations with objectives at 1.2800 and 1.2600. We do not exclude the price correction within the channel with potential targets at 1.3100 and 1.3225, but the medium-term outlook remains negative.

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 continued to decline within the descending channel and could not break through its upper boundary. In case of overcoming the support at 106.85, the fall is likely to continue up to 100.00 and 98.60. On the other hand, breaking through the upper boundary of the channel and fixation higher than the nearest resistance at 102.60, will be a signal to buy with targets at 106.40 and 108.00. We expect price growth in the medium term and recommend to wait for the signal for opening positions.

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 has fallen after some consolidation around the level of 0.7700, and as a result reached the lower boundary of the rising channel and the level of 0.7650. Fixation lower than this level will be the basis for the continuation of negative dynamics of quotations with closest targets at 0.7500 and 0.7400. The growth potential in the near future will be limited by the levels of 0.7700 and 0.7800. Our medium-term outlook remains negative, but today there is the possibility of rebound of prices upwards within the channel.

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 corrected down and approached the inclined support line breaking through which will be the basis for the continuation of negative dynamics with nearest objectives at 0.7050 and 0.6970. We do not exclude the upward rebound today, and in this case potential targets will be 0.7250 and 0.7320. Our medium-term outlook remains negative and we are waiting for confirmation of the sell signal.

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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