19.07.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continued to consolidate above the level of 1.1050 and in case of resumption of growth may return to the level of resistance at 1.1200. On the other hand, a more likely scenario is a continuation of the negative dynamics with the first targets at 1.0985 and 1.0850. Our medium-term outlook remains negative and we expect a decrease in quotations in the near future.

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 continues to consolidate near the 1.3225 level of, after which we expect a strong price movement. The growth in the near future is limited by the level of 1.3500, and its breaking through will be a signal for continued growth to 1.3840 and 1.4040. According to our forecasts, the price will resume its fall in the near future with the closest targets at 1.3000 and 1.2800. Our medium-term outlook remains negative and we see no reason to change the trend.

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 continues to consolidate within the range 105,00-106,40. To continue the growth with targets at 108.00 and 109.75, quotes need to gain a foothold above the level of 106.40. On the other hand, the signal to sell will be breaking through and fixing below the important support level at 105.00. In this case, Is possible the fall to 103.50 and 101.40. Our medium-term outlook remains positive, but we expect a correction 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 after some consolidation above the level of 0.7575, has continued to fall that has become a confirmation of the signal to sell. Currently quotes approached to the level of support at 0.7500 and after its overcoming, we forecast a decline to 0.7400 and 0.7320. Within the price correction is possible return to 0.7575. Our medium-term outlook remains negative.

Nearest resistance levels: 0,7575, 0,7700, 0,7800, 0,8000

Nearest support levels: 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 fixed below the level of 0.7130 which has become a confirmation of the signal to sell with targets at 0.6970 and 0.6820. Currently quotes have overcome the support at 0.7050 and with a high probability will continue to decline to 0.6970. Within the correction, prices may return to the level of resistance at 0.7130. Our medium-term outlook remains negative and we expect a fall in the near future.

Nearest resistance levels: 0,7050, 0,7130, 0,7250, 0,7400, 0,7500

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

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