19.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continued the growth within the local rising channel and may soon reach a resistance at 1.1400, the overcoming of which will be the basis for continued upward momentum to 1.1500 and 1.1620. It is worth noting that after the strong growth quotations will probably correct within the channel. According to our estimates, the growth potential is limited, and soon the price will resume its fall with the closest targets at 1.1200 and 1.1050. Our medium-term outlook remains negative, but the current growth can continue in the near future.

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 has stabilized after the recent gains. In the near future a positive trend may continue until the level of 1.3225 and the upper border of the channel the overcoming of which is unlikely. In the near future we are likely to see a resumption of the negative dynamics within the descending channel. Our medium-term outlook also remains negative with the closest targets at 1.3000 and 1.2800.

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 stabilized after earlier has broken through the psychologically important level of 100.00. Fixing below this level is the basis for the continuation of the negative dynamics of the price to 98.60 and 97.00. The signal of changing the current negative trend to the positive will be breaking through the upper boundary of the descending channel and fixation above the local maximum at 100.85. In this case, the targets will be 103.50, 105.00 and 106.40. Our medium-term outlook remains positive, but the current 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 showed a sharp decline after reached the level of 0.7700. In the near future negative dynamics will likely continue with the first targets at 0.7575 and 0.7500. The growth potential in the near future is limited and we maintain a medium-term negative outlook.

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 was not able to continue the upward movement and overcome the resistance at 0.7320 and now is corrected downwards. The growth in the near future is limited by the levels of 0.7320 and 0.7400. Sell signal with the first targets at 0.7050 and 0.6970 will be breaking through the inclined support line and a local minimum at 0.7200. Our medium-term outlook remains negative and we expect a decrease in the near future.

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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