25.07.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continued to decline and was able to overcome an important support level at 1.0985, which is the basis for the continuation of the negative dynamics of price with the objectives at 1.0850 and 1.0700. Growth is limited by resistance levels at 1.0985 and 1.1050. Our medium-term outlook remains negative and we expect a continuation of the current dynamics in the near future.

Nearest resistance levels: 1,0985, 1,1050, 1,1200, 1,1400, 1,1500, 1,1620, 1,1750

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

Currencies trading and British pound. The price of GBP/USD slightly corrected after the recent decline and in the near future will likely continue negative movement with its closest objectives at 1.3000 and 1.2800. In the case of correction and overcoming the mark 1.3225, growth may continue to 1.3500. Our medium-term outlook remains negative and we are waiting for further decline in the near future.

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 continued to rise and reached the level of 106.40 and fixing above it will be the basis for further growth with the objectives at 108.00 and 109.75. On the other hand, we do not exclude price correction with targets at 105.00 and 103.50. Our medium-term outlook remains positive, and the current growth is likely to continue 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 continues to gradually decline after fixed below the important support level at 0.7500, which was the signal to sell with targets at 0.7400 and 0.7320. In case of resumption of growth, quotations may return to the levels of 0.7575 and 0.7650, but the probability of this scenario is low. Our medium-term outlook remains negative and the probability of further decline remains high.

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 keeps moving around the support level at 0.6970. After a long consolidation there is a possibility of strong price movement. In case of correction, quotations may rise to 0.7050 and 0.7130. We expect a continuation of negative dynamics in the medium term with targets at 0.6450 and 0.6250.

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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