22.07.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continued consolidation, despite the volatility growth. Currently quotes are within the range of 1,0985-1,1050. The signal to sell will be price fixing below 1.0985 and in such case we recommend to open short positions with the targets at 1.0850 and 1.0700 and the stop above 1.1050. On the other hand, within the upward movement quotations may reach levels 1,1050-1,1150. 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 continued to consolidate near the level of 1.3225. The growth in the near future is limited by the resistance level at 1.3500, and its overcoming in the near future is unlikely. On the other hand, for the continuation of negative dynamics is necessary to break through the support level at 1.3000 and in this case the target levels will be 1.2800 and 1.2600. 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 after reaching the upper limit of the rising channel started to decline sharply, and as a result reached the bottom of the channel. In case of continued negative dynamics, the signal to sell will be fixation of quotations below 105.00. On the other hand, there is the possibility of renewed negative dynamics of price with closest targets at 108.00 and 109.75. Our medium-term outlook remains negative.

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 continues to consolidate below the important level of 0.7500. Fixation lower than this level is the basis for the continuation of negative dynamics of price with the objectives at 0.7400 and 0.7320. In case of upward correction and overcoming level of 0.7500, growth may continue to 0.7575. Our medium-term outlook remains negative and we expect the resumption of negative dynamics after the current consolidation.

Nearest resistance levels: 0,7500, 0,7575, 0,7700, 0,7800, 0,8000

Nearest support levels: 0,7400, 0,7320, 0,7250, 0,7120, 0,7000, 0,6840

Currencies trading and New Zealand dollar. The price of NZD/USD after reaching the support level at 0.6970, has stopped the fall and within consolidation broke through the upper boundary of the local descending channel. In case of continuation of the rising correction, quotes, will return to the levels of 0.7050 and 0.7130. Our medium-term outlook remains negative, but we do not exclude a slight rebound 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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