16.08.2016 - Technical view
Currencies trading and euro. The price of EUR/USD rose slightly, but has broken through the upper boundary of the descending channel and as a result approached to the resistance level at 1.1200. Overcoming and fixing the price above this level will be the basis for the continuing rising dynamics of quotations to 1.1400. In case of reduction of quotations, the closest targets will be 1.1050 and 1.0985. A more likely scenario, according to our forecasts will be decline in price in the near future. We also maintain our medium-term negative outlook.
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 continues a steady decline, and within the negative dynamics has broken the lower boundary of the channel and the level of 1.2900. The next upside target levels will be 1.2800 and 1.2600. The price rebound within the channel is limited by the upper boundary and the resistance levels at 1.3000 and 1.3100. Our medium-term outlook remains negative, and growth in the near future is possible only within the correction.
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 after a long consolidation between the support level at 100.85 and the upper border of the channel, was able to continue fall in the near future with a high probability will continue the decline to 100.00, after which the reduction may continue until 98.60. On the other hand, a buy signal with the objectives at 106.40 and 108.00 will be fixing the price above the level of 102.60. Our medium-term outlook remains positive, but the current decline will continue today.
Nearest resistance levels: 101,40, 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15
Nearest support levels: 100,00, 99,00, 98,60, 97,00
Currencies trading and Australian dollar. The price of AUD/USD shows positive dynamics after rebounded from the rising channel's lower border. The current impulse is likely to continue in the near future and the next objectives are 0.7700 and 0.7800. A signal to sell will be breaking through the bottom of the channel and fixing the price below the local minimum at 0.7650. Our medium-term outlook remains negative.
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 extended gains after the recent rebound of quotations from the inclined support line. Now the quotes are higher than 0.7200, and may continue to rise to 0.7250 and 0.7320. A signal to sell will be fixing the price below the local minimum at 0.7160. We maintain our medium-term negative outlook with the first targets at 0.7050 and 0.6970, but the current growth is likely to continue today.
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