27.09.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has broken through the resistance level at 1.1260, but failed to gain a foothold above it and at the moment is corrected downwards. In case of resumption of growth, quotations may return to the levels of 1,1350-1,1400. On the other hand, the more likely scenario in the near future will be the resumption of the negative dynamics of price with the first targets at 1.1200 and 1.1140. Our medium-term outlook remains negative and we expect a decrease in the near future.

Nearest resistance levels: 1,1260, 1,1400, 1,1500, 1,1620, 1,1750

Nearest support levels: 1,1200, 1,1140, 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550

Currencies trading and British pound. The price of GBP/USD is consolidating below the psychologically important level of 1.1300, and continues moving inside the descending channel. In case of breaking through the upper boundary of the channel, quotes will continue to rise and may reach the levels 1.3100 and 1.3225. According to our estimates, the drop in prices in the near future is more likely, and the first target in this case will be the level 1.2800. Our medium-term outlook is negative.

Nearest resistance levels: 1,3000, 1,3225, 1,3350, 1,3500, 1.3600, 1.3840, 1.4040, 1.4500

Nearest support levels: 1,2800, 1,2600, 1,2500, 1,2200, 1,2000

Currencies trading and Japanese yen. The price of USD/JPY could not overcome the support level at 100.00 and rebounded upwards. In case of continued growth, quotations will return to an important level of 101.40, overcoming of which will be the basis for the continuation of positive dynamics to 103.00 and 103.50. Our medium-term outlook remains positive, and we expect a continuation of the current upward momentum 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 has shown growth after the recent correction. Currently quotes are around the level of 0.7650 and further increase is possible to the levels 0,7700-0,7730. According to our estimates, the potential for growth in the near future is limited and the negative dynamics will resume in the near future with the objectives at 0.7500 and 0.7400. Our medium-term outlook also remains negative.

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

Nearest support levels: 0,7500, 0,7450, 0,7320, 0,7250, 0,7120, 0,7000

Currencies trading and New Zealand dollar. The price of NZD/USD corrected upwards after the recent strong decline and approach to the important support level at 0.7200. If the price fixates below this level, we recommend to open short positions with the targets at 0.6820, 0.6600 and 0.6450. Current growth may continue in the near future to 0,7320-0,7350. 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

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