18.10.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD corrected upwards after previously failed to break through the support level at 1.0985. In case of continued upward dynamics, quotations will continue to rise to 1.1050 and breaking through this level will be the reason for the continued growth to 1.1140. On the other hand, fixation below the support at 1.0985 will be a signal to sell with targets at 1.0850 and 1.0700. Our medium-term outlook remains negative.

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 has broken the upper border of the descending channel and may continue the correction to the levels 1.2400 and 1.2500. It is worth noting that after a long consolidation around the level of 1.2200, there is a high probability of strong price movement. Despite the possible growth of quotations within the correction, we expect the fall of price the medium term with targets at 1.2000 and 1.1600.

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 has broken through the lower border of the local rising channel and in case of overcoming a local minimum at 103.50, we expect a price decline to 102.80 and 101.40. On the other hand, we still expect growth of the price to the target marks at 105.00, 106.40 and 108.00. Our medium-term outlook remains positive, but we do not exclude the corrective fall 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 continues to grow steadily after has broken through the inclined resistance line and was able to gain a foothold above the level of 0.7600. In the near future quotations probably will reach the resistance at 0.7700 and its overcoming will be the basis for further price increase with the objectives at 0.7800 and 0.8000. According to our estimates, the current upward momentum will change to decrease in the near future and target levels in such a case will be 0.7450, 0.7320 and 0.7120. Our medium-term outlook remains negative.

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

Nearest support levels: 0,7600, 0,7500, 0,7450, 0,7320, 0,7250, 0,7120, 0,7000

Currencies trading and New Zealand dollar. The price of NZD/USD accelerated growth after broke the upper border of the local descending channel. As a result, the price approached the resistance at 0.7200, overcoming of which will be the reason for the continued price increase to 0.7320. According to our estimates, the decline will resume in the near future and quotations will return to the level of 0.7050 and then may continue negative dynamics to 0.6820 and 0.6600. Our medium-term outlook is negative and we expect a decrease in the near future.

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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