18.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD after some consolidation was able to overcome 1.1300 and at the moment is near the upper limit of the local rising channel. In case of continued growth, the nearest resistance level will be 1.1400. According to our estimates, the price decline will resume in the near future and a signal to sell will be fixing of price below the lower boundary of the channel. Our medium-term outlook remains negative with the objectives at 1.0700 and 1.0550.

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 fixed above the level of 1.3000, which is the basis for the continued rising dynamics of price with closest targets at 1.3100 and 1.3225. According to our estimates, breaking through the upper limit of the downward channel is unlikely, and we expect the resumption of the negative dynamics in the near future with the objectives at 1.2800 and 1.2600. Our medium-term outlook also remains negative.

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 the recent correction to the upper boundary of the descending channel resumed decline and broke through the psychologically important level of 100.00, which is the basis for the continuation of negative dynamics with potential targets at 98.60 and 97.00. The signal of trend reversal to positive will be breaking through the upper boundary of the channel and fixing of price above the local maximum at 100.85. Our medium-term outlook remains positive, but the decline may continue 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 returned to the rising channel’s frames after it failed to gain a foothold below the level 0.7650. In case of continued growth quotations may reach the levels 0,7750-0,7800. In the near future there is a high probability of resumption of negative dynamics and objectives in such case will be 0.7500 and 0.7400. 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 rebounded from the inclined support line and the level of 0.7200 and as a result approached the local maximum at 0.7320, in the case of overcoming of which growth will continue to 0.7400. According to our estimates, the growth potential in the near future is limited and the signal for opening short positions with the targets at 0.7050 and 0.6970 will be fixation of price below the level of 0.7200. Our medium-term outlook remains negative.

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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