17.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD was able to overcome an important resistance level at 1.1200 and reached the next resistance at 1.1300. At this point quotations reached the upper border of the local rising channel, and can continue the upward momentum to 1.1400. Our medium-term outlook remains negative and we expect a decrease in the near future within the correction.

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 showed strong growth within the correction after reached the level of 1.2900. Currently quotes are above the level of 1.3000 and the current correction in the descending channel may continue to 1.3100 and 1.3225. Our medium-term outlook remains negative with the objectives at 1.2800 and 1.2600, but we do not exclude growth within the correction in the near future.

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 slightly increased within the correction after broke through the important level of 100.00. In case of continued negative dynamics, quotes will decrease to 98.60 and 97.00. In case of breaking through the upper boundary of the descending channel and fixing above it first targets will be 102.60, 103.50 and 106.40. Our medium-term outlook remains positive, but we can see the fall in the near future.

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 has corrected inside the rising channel and came close to its bottom. In case of continued negative dynamics and fixation lower than 0.7650, we expect a drop in prices with the first targets at 0.7500 and 0.7400. The growth potential in the near future reduced, but we do not exclude the upward rebound of quotations from the bottom of the channel. 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 has shown a strong upward momentum during which has reached resistance at 0.7320, but could not overcome it. Currently quotes are corrected and will likely continue to decline to 0.7200 and the inclined support line fixation below which will be a strong signal to sell. Our medium-term outlook remains negative and the potential for growth decreased.

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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