25.08.2016 - Technical view
Currencies trading and euro. The price of EUR/USD broke through the inclined support line and at the moment is trying to gain a foothold below the local minimum at 1.1270, which will be a signal of completion the formation of the reversal pattern - double top. As a result of decrease, the objectives will be 1.1050 and 1.0985, and the stop should be set above 1.1350. Our medium-term outlook remains negative and we expect increased volatility in the coming days.
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 after some consolidation continued its growth and was able to break through an important resistance level at 1.3225 and the upper limit of the downward channel. Fixing the price above this level will be the basis for further price increase to 1.3500 and 1.3600. On the other hand, there is the possibility of renewed negative dynamics within the channel with the objectives at 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 continues to consolidate below 100.85 and fixing the price above this level will confirm the signal to sell with the objectives at 103.50, 105.00 and 106.40. The fall in the near future is limited by the levels of 99.60, 99.00 and 98.60. Our medium-term outlook remains negative and we expect a strong price movement after a long consolidation.
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 continues moving inside the descending channel and the current upward momentum is limited by the channel’s boundary and the resistance level at 0.7650. The probability of price fall within the local downtrend remains high and immediate targets in this case will be 0.7450 and 0.7250. Our medium-term outlook remains negative and we expect a strong movement in the near future.
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 continued consolidation around the level of 0.7320, which is the upper boundary of the triangle. Fixing the price above this level will be the basis for continued growth to 0.7400 and 0.7500. In case of resumption of the negative dynamics and fixing below 0.7200, we expect a drop to 0.7050 and 0.6820. Our medium-term outlook remains negative.
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