17.10.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continued to fall during which was able to overcome the support level at 1.0985. In case of correction, quotations may return to the level of resistance at 1.1050. On the other hand, overcoming the support at 1.0985, is a signal for the further reduction of quotations to 1.0850 and 1.0700. Our medium-term outlook remains negative and we expect a drop in the near future, but do not rule out a correction after a strong fall.

Nearest resistance levels: 1,0985, 1,1050, 1,1140, 1,1200, 1,1260, 1,1400, 1,1500, 1,1620

Nearest support levels: 1,0850, 1,0800, 1,0700, 1,0550

Currencies trading and British pound. The price of GBP/USD continues to consolidate near the level of 1.2200. It is worth noting that earlier quotes reached the upper boundary of the descending channel, and in the near future is likely to continue falling to 1.2000, 1.1800 and 1.1600. Fixing the price beyond the descending channel will be a signal to buy with potential targets at 1.2500 and 1.2600. Our medium-term outlook remains negative and we expect the growth of volatility in the next few days.

Nearest resistance levels: 1,2500, 1,2600, 1,2800, 1,3000, 1,3225, 1,3350, 1,3500, 1.3600

Nearest support levels: 1,2200, 1,2000, 1,1600, 1,1500

Currencies trading and Japanese yen. The price of USD/JPY continued to rise along the rising channel's lower boundary and in the near future can reach the target level of 105.00, the overcoming of which will open the way to further increase the of quotations to 106,40 and 108,00. The breaking of the bottom of the channel and the level of support at 103.50, will be the basis for the continuation of the negative dynamics of price to 101.40 and 100.85. Our medium-term outlook remains positive, and we expect growth in the near future.

Nearest resistance levels: 105,00, 106,40, 108,00, 109,75, 111,00, 112,15

Nearest support levels: 103,50, 101,40, 100,00, 99,00, 98,60, 97,00

Currencies trading and Australian dollar. The price of AUD/USD was not able to continue the upward movement and has resumed falling. Currently quotes are near the important level of 0.7600 and in case of continuation of negative dynamics, the first target will be 0.7500, and then the fall may continue to 0.7450, 0.7320 and 0.7250. The growth in the near future is limited by the resistance at 0.7700. Our medium-term outlook remains negative.

Nearest resistance levels: 0,7600, 0,7700, 0,7800, 0,8000

Nearest support levels: 0,7500, 0,7450, 0,7320, 0,7250, 0,7120, 0,7000

Currencies trading and New Zealand dollar. The price of NZD/USD is gradually restoring positions after failed to overcome the support level at 0.7050. Further growth in the near future is limited by the resistance level at 0.7200. According to our estimates, the decline will continue in the near future and after breaking through the support at 0.7050 the closest targets will be 0.6820 and 0.6600. Our medium-term outlook remains negative.

Nearest resistance levels: 0,7130, 0,7200, 0,7320, 0,7400, 0,7500

Nearest support levels: 0,7050, 0,6940, 0,6820, 0,6720, 0,6600, 0,6450

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