15.09.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continues to consolidate within the corridor 1,1200-1,1260. In case of continued growth closest targets will be 1,1350-1,1400. On the other hand, the price fixation below 1.1200 will be the basis for opening short positions with the first targets at 1.1050 and 1.0985, after which we may see a further decline to 1.0550 and 1.10700. Our medium-term outlook remains negative and after the current consolidation, we expect a strong price movement.
Nearest resistance levels: 1,1400, 1,1500, 1,1620, 1,1750
Nearest support levels: 1,1200, 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550, 1,0500
Currencies trading and British pound. The price of GBP/USD corrected upwards after a recent fall and now is trying to gain a foothold outside the ascending channel, which has left earlier. According to our estimates, there is a high probability of resumption of the negative dynamics of price with the first targets at 1.3000 and 1.2800. Growth in the near future is limited by the local maximum about 1.3350. Our medium-term outlook remains negative and we expect strong price movements soon.
Nearest resistance levels: 1,3350, 1,3500, 1.3600, 1.3840, 1.4040, 1.4500, 1.4670
Nearest support levels: 1,3225, 1,3000, 1,2800, 1,2600, 1,2500, 1,2200, 1,2000
Currencies trading and Japanese yen. The price of USD/JPY after reaching the resistance level at 103.00, started to correct downwards and before long may continue decline to 101.40 and 100.85. In order to continue rising dynamics with targets at 105.00, 106.40 and 108.00, quotes need to overcome the resistance at 103.50. We expect growth in the medium term, and the likelihood of sudden movements in the coming days is high.
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, 97,00
Currencies trading and Australian dollar. The price of AUD/USD has stabilized after reached the support level at 0.7450. Currently quotes demonstrate the consolidation and within the correction may return to the levels of 0,7500-0,7575. Break of 0.7450 will be the cause for the further decrease with potential targets at 0.7320 and 0.7250. According to our estimates, the decline will continue in the medium term with targets at 0.7000 and 0.6800.
Nearest resistance levels: 0,7500, 0,7650, 0,7700, 0,7800, 0,8000
Nearest support levels: 0,7450, 0,7320, 0,7250, 0,7120, 0,7000
Currencies trading and New Zealand dollar. The price of NZD/USD corrected to the channel's lower border the limits of which has left earlier. Fixing outside of the channel and breaking through the level of 0.7200, will be a strong signal to sell with targets at 0.7050 and 0.6820. The upward movement is limited by the resistance at 0.7320. Our medium-term outlook remains negative and we expect strengthening of volatility in the near future.
Nearest resistance levels: 0,7320, 0,7400, 0,7500
Nearest support levels: 0,7250, 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450