19.10.2016 - Technical view
Currencies trading and euro. The price of EUR/USD has resumed the fall after could not overcome the upper limit of the downward channel to which has returned earlier. In case of fixation below 1.0985, we expect the continuation of a negative price dynamics to 1.0850 and 1.0700. On the other hand, fixation above 1.1050 will be a signal to buy with targets at 1.1140 and 1.1200. We expect a decline in prices in the near future and maintain the medium-term negative outlook.
Nearest resistance levels: 1,1050, 1,1140, 1,1200, 1,1260, 1,1400, 1,1500, 1,1620
Nearest support levels: 1,0985, 1,0850, 1,0800, 1,0700, 1,0550
Currencies trading and British pound. The price of GBP/USD has broken the upper boundary of the descending channel and fixing beyond its borders will be the basis for continued growth to 1,2400-1,2500. According to our forecasts, the decline in prices will continue in the near future and medium term, to the target levels 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 continues to consolidate above the important level of 103.50. Fixation above this mark will be the basis for continued growth of quotations to 105.00, 106.40 and 108.00. On the other hand, in case of fixation below 103.50, we expect a further decline with potential targets at 102.80 and 101.40. Our medium-term outlook remains positive, and we expect a strong movement after the current consolidation.
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 was not able to continue the growth and overcome the resistance level at 0.7700. Currently quotes are consolidated below this mark and may resume decline to 0.7600 and 0.7450. In case of opening short positions, the stop must be installed above 0.7700. Probability of further growth is low and we forecast fall in the near future. 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 has reached the important resistance level at 0.7200 and is consolidating around this mark. In case of further price increase, growth will continue to 0.7320 and 0.7400. According to our estimates, at the moment there is a high probability of resumption of the negative dynamics of price with potential targets at 0.7050 and 0.6820. Our medium-term outlook also remains negative.
Nearest resistance levels: 0,7200, 0,7320, 0,7400, 0,7500
Nearest support levels: 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6600, 0,6450