21.09.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has continued the fall within the local descending channel and reached the support level at 1.1140. A breaking of this level will be the cause for the further fall of quotations with objectives at 1.1050 and 1.0985. In case of rebound, the quotes will return to the upper boundary of the channel and the level of 1.1200. Our medium-term outlook remains negative and we expect strong price movements today and tomorrow.

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 within the reduction has broken through the strong support level at 1.3000 and currently is trying to gain a foothold below it. In case of success, we expect a continuation of the downward dynamics of prices with the objectives at 1.2800 and 1.2600. Within the correction, quotations may return to the levels of 1.3100 and 1.3225. Our medium-term outlook remains negative and we are waiting for the strong volatility growth today.

Nearest resistance levels: 1,3000, 1,3225, 1,3350, 1,3500, 1.3600, 1.3840, 1.4040, 1.4500

Nearest support levels: 1,2800, 1,2600, 1,2500, 1,2200, 1,2000

Currencies trading and Japanese yen. The price of USD/JPY has demonstrated a strong rise in volatility today and showed strong growth after failed to fix below the support level at 101.40. The next upside target levels, while maintaining the current upward momentum will be 103.00, 103.50 and 105.00. The fall is limited by the levels of support at 101.40 and 100.85. Volatility will remain high. Our medium-term outlook remains positive and we expect continued growth in the near future.

Nearest resistance levels: 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15

Nearest support levels: 101,40, 100,00, 99,00, 98,60, 97,00

Currencies trading and Australian dollar. The price of AUD/USD is consolidated within the local rising channel and in the near future may continue the rise to 0.7575 and 0.7650. According to our estimates, the growth potential is limited, and more likely will be the resumption of the negative dynamics of price with the objectives at 0.7320 and 0.7250. We expect a strong rise in volatility today and maintain the medium-term negative view.

Nearest resistance levels: 0,7650, 0,7700, 0,7800, 0,8000

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

Currencies trading and New Zealand dollar. The price of NZD/USD has started growing again after failed to gain a foothold above the resistance level at 0.7320. In the near future, quotations may decline to 0.7250 and 0.7200. Breaking through the level of 0.7200 and fixation below it will be a strong signal to sell with targets at 0.6820, 0.6600 and 0.6450. The growth in the near future is limited by the levels of 0.7400 and 0.7500. We expect strong movements today and tomorrow, and maintain the medium-term negative outlook.

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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