26.07.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD corrected upwards within the local descending channel and came close to its upper boundary. In case of continued growth and breaking through the upper boundary of the channel, the growth will continue to 1.1050 and 1.1150. In case of continued negative dynamics and fixation below 1.0985, we with a high probability expect continued decline to 1.0850 and 1.0700. Our medium-term outlook remains negative, despite the possibility of continuing the current growth.

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 continues to consolidate after the completion of which we can see a strong rise in volatility. In case of continued negative dynamics, the signal to sell will be price fixing below 1.3000. In such a case the targets will be 1.2800 and 1.2600. The growth in the near future is limited by the resistance level at 1.3225. 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 has broken the lower boundary of the local rising channel and as a result broke the support level at 105.00 and continued to decline with closest targets at 103.50 after reaching of which negative dynamics may continue until 101,40. Our medium-term outlook remains positive with the objectives at 108.00 and 109.75, but the current decline is likely to continue in the near future.

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

Nearest support levels: 103,50, 101,40, 100,00, 99,00, 98,60

Currencies trading and Australian dollar. The price of AUD/USD has shown a sharp rise after a long correction below 0.7500. The probability of the continuation of the current growth is high and in this case, quotations may reach the resistance at 0.7575. Our medium-term outlook remains negative, but the current correction is likely to continue in the near future.

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 a prolonged consolidation above the support level at 0.6970, started to correct upwards and as a result reached the nearest target at 0.7050, the overcoming of which will lead to further growth with potential targets at 0.7130 and 0.7250. Our medium-term outlook remains negative, but we expect a continuation of the current correction 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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