22.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD corrected to the lower boundary of the rising channel and in case of its breaking will fall to 1.1200. On the other hand, quotations may continue the upward momentum within the channel, and grow up to the target level of 1.1400. Our medium-term outlook remains negative, and after fixing the price beyond the ascending channel, we expect to see a decline to 1.1050 and 1.0985.

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 decreased within the correction after has failed to continue the growth within the channel and reach its upper limit. In the near future growth is limited by the resistance at 1.3225 and in case of breaking the support level at 1.3000, we expect the decline to 1.2860 and 1.2800. Our medium-term outlook remains pessimistic with the potential of decrease to 1.2600 and 1.2200.

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 broke through the upper limit of the downward channel and is currently close to the level of 100.85, fixing above which will be a signal of trend change to the positive with potential targets at 102.60 and 105.00. The fall is limited by the levels of support at 100.00 and 99.00. Our medium-term outlook remains positive, and we expect continued rising dynamics 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 declines along the inclined support line and was able to fix below 0.7650, which is the basis for the continuation of the negative dynamics to 0.7500 and 0.7400. In case of rebound quotations may return to the levels of 0,7650-0,7700. Our medium-term outlook remains negative with the objectives at 0.7000 and 0.6840.

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

Nearest support levels: 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 broke through the inclined support line after a consolidation of prices below the level of 0.7320. Fixation lower than the support at 0.7200 will confirm the signal to sell with potential targets at 0.7050 and 0.6820. Our medium-term outlook remains negative and we are waiting for confirmation of the sell signal.

Nearest resistance levels: 0,7250, 0,7320, 0,7400, 0,7500

Nearest support levels: 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450

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