21.07.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD rebounded from a strong support level at 1.0985 and broke through the inclined resistance line. In the near future, quotations may continue to rise to 1.1050 and overcoming this level will be the basis for continued growth to 1.1150 and 1.1200. The signal to sell will be the price fixing below 1.0985 and in this case the target marks will be 1.0850 and 1.0700. Our medium-term outlook remains negative.

Nearest resistance levels: 1,1050, 1,1200, 1,1400, 1,1500, 1,1620, 1,1750

Nearest support levels: 1,0985, 1,0850, 1,0800, 1,0700, 1,0550, 1,0500

Currencies trading and British pound. The price of GBP/USD corrected upwards and reached the level of 1.3225. Overcoming this mark will be the basis for further growth to 1.3500, but the breaking of this resistance is unlikely. We expect the resumption of the negative dynamics in the near future under which quotations will reach the levels 1.3000 and 1.2800. Our medium-term outlook 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 was able to overcome the resistance level at 106.40, which was the signal for the continuation of further growth. As a result, quotations may reach the levels 108.00 and 109.75. Within the downward correction is possible drop to 106.40 and 105.00. Our medium-term outlook remains positive, and we expect a further increase 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 continued to decline and was able to break through the support level at 0.7500. Fixing the price below this mark will be the basis for the continuation of negative dynamics with the objectives at 0.7400 and 0.7320. We do not exclude the continuation of upward correction with the first target at 0.7575, but saving of the current negative dynamics will be more likely. Our medium-term view is also 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 showed a decrease with a gap down and reached the support level at 0.6970. In the near future is likely the upward rebound of quotations with the potential of reaching the level of 0.7050. On the other hand, fixing the price below 0.6970 will be a strong signal to sell with targets at 0.6820 and 0.6720. Our medium-term outlook remains negative, but the probability of upward correction has significantly increased.

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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