18.07.2016 - Technical view

Currencies trading and euro. The price of EUR/USD fell sharply and reached an important support level at 1.1050. In case of continuation of negative dynamics quotations will reach the next support levels at 1.0985 and 1.0850. The growth in the near future is limited by a strong resistance at 1.1200. We maintain our medium-term negative outlook, but today we can see an upward correction.

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 after reaching the important resistance level at 1.3500, started to correct and at the moment is around the level of 1.3225. According to our estimates, the decline in the near future will resume and closest targets in such case will be 1.3000 and 1.2800. Our medium-term outlook remains negative and the potential growth is limited by a strong resistance at 1.3500.

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 recently showed a sharp rise in volatility, but could not continue negative dynamics and resumed consolidation above the level of 105.00. In order to continue growth with the nearest targets at 108.00 and 109.75 quotations need to overcome the resistance level at 106.40. Our medium-term outlook remains positive, and we expect a further increase of prices in the near future.

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

Nearest support levels: 105,00, 103,50, 101,40, 100,00, 99,00, 98,60

Currencies trading and Australian dollar. The price of AUD/USD has broken the lower boundary of the local uplink and reached the nearest support at 0.7575. Fixing the price below this level will be a strong signal to sell with targets at 0.7500 and 0.7400. Growth is limited by the resistance at 0.7650 and 0.7700. Our medium-term outlook remains negative and the probability of a decline in the near future has grown significantly.

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

Nearest support levels: 0,7575, 0,7500, 0,7400, 0,7320, 0,7250, 0,7120, 0,7000, 0,6840

Currencies trading and New Zealand dollar. The price of NZD/USD continues to decline after has broken the lower boundary of the rising channel and the support level at 0.7130. In the near future we expect a further decline to 0.7050 and 0.6970. In the case of correction quotes may return to the levels of 0.7130 and 0.7200. Our medium-term outlook remains negative and we expect a further decline in the near future.

Nearest resistance levels: 0,7130, 0,7250, 0,7400, 0,7500

Nearest support levels: 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450

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