16.09.2016 - Technical view

Currencies trading and euro. The price of EUR/USD is consolidating below the level of 1.1260, and in case of its overcoming, quotes will probably continue increase with potential targets at 1,1350-1,1400. The signal to sell in the near future will be fixation lower than 1.1200. In this case, the stop must be set above 1.1260, and the targets will be 1.1050, 1.0985 and 1.0850. Our medium-term outlook remains negative and we expect a fall in the near future.

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 has reached the upper limit of the local downward channel and at the moment is consolidating near the levels of 1.3225. At the moment, there is a high probability of falling of the price within the channel and in this case the first targets will be 1.3000 and 1.2800. The growth in the near future is limited by the levels of 1.3350 and 1.3500. Our medium-term outlook remains negative.

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 decreases along the inclined support line, which has broken earlier. While maintaining the current downward momentum, the targets will be 100.85 and 99.60. On the other hand, there is the possibility of renewed negative dynamics of prices with potential targets at 103.50, 105.00 and 106.40. Our medium-term outlook remains positive, and we expect a rise in volatility today.

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 not been able to break through the strong support level at 0.7450 and showed an upward correction within which has broken through the inclined line of resistance and the level of 0.7500. This fact is the basis for continued growth to 0.7575. To continue, the negative dynamics of quotations is necessary to break through the support at 0.7450 and in this case, we expect the decline to 0.7320 and 0.7250. Our medium-term outlook remains negative.

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 is moving along the bottom of the channel, the limits of which has broken earlier. Currently quotes approached the level of 0.7320 and fixation above this level will be basis for continued growth to 0.7400 and 0.7500. Confirmation of sell signal will be fixation lower than 0.7200. We forecast a drop in the medium term with targets at 0.6600 and 0.6450.

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

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