27.07.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continued to decline within the local descending channel, and at the moment is near its upper limit and the level of 1.0985. In case of continued negative dynamics, the following targets will be 1.0850 and 1.0700. In case of breaking through the upper boundary of the channel, we expect growth to the levels 1.1050 and 1.1150. Our medium-term outlook remains negative and we expect to see a strong increase in volatility today.

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 within the corridor 1,3000-1,3225. After a long consolidation there is a high probability of strong price movement. Breaking of the levels of 1.3225 will be the basis for continued growth with a target at 1.3500, but on the other hand, after breaking 1.3000, we expect to see a drop to 1.2800. Our medium-term outlook remains negative and we expect a strong price movement today.

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 shown strong growth after a significant drop yesterday. As a result, quotes reached an inclined line of resistance and are trying to overcome it. In case of success we expect a further increase to 106,40 and 108,00. Volatility of price is likely to remain high in the near future and we do not exclude the continuation of negative dynamics in the near future. Despite this, 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 has shown a significant increase in volatility, but at the moment is around the level of 0.7500. In case of resumption of growth, quotations may return to resistance at 0.7575 and then reach the mark of 0.7650. On the other hand more likely is the reduction of quotations with the first targets at 0.7400 and 0.7320. Our medium-term outlook remains negative and volatility will be high in the coming days.

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 has not been able to gain a foothold above the resistance level at 0.7050 and fell sharply today. In case of further decline and overcoming the strong support level at 0.6970, we expect a decrease in prices with potential targets at 0.6820 and 0.6720. Our medium-term outlook remains negative, but we do not exclude growth within the upward correction to 0.7130.

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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