28.07.2016 - Technical view

Currencies trading and euro. The price of EUR/USD broke through the upper limit of the local downward channel and as a result has overcome the resistance level at 1.1050. In case of continuation of the current growth quotes will continue upward dynamics with the potential of reaching 1,1150-1,1200. Our medium-term outlook remains negative, but a confirmation of the signal to sell will be fixation below 1.0985.

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 has shown growth during which has reached the resistance level at 1.3225. A break of this level and continued growth will become the basis for the continuing upward dynamics with the target at 1.3500. According to our estimates, the growth potential is limited and we are waiting for the resumption of the negative dynamics with the objectives at 1.3000 and 1.2800. Our medium-term outlook is 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 reached an inclined line of resistance, but has not been able to overcome it and at the moment is below the level of 105.00. The nearest support levels are 103.50 and 101.40. In order to continue growth quotations need to gain a foothold above 106.40. Our medium-term outlook remains positive, but we do not exclude the continuation of the current correction 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 in volatility, but could not reach the nearest target at 0.7400 and at the moment shows an upward price movement during which can reach target levels of 0.7575 and 0.7650. Our medium-term outlook remains negative, but the current growth is likely to continue in the near future.

Nearest resistance levels: 0,7575, 0,7700, 0,7800, 0,8000

Nearest support levels: 0,7500, 0,7400, 0,7320, 0,7250, 0,7120, 0,7000, 0,6840

Currencies trading and New Zealand dollar. The price of NZD/USD continued growth during which has overcome the resistance at 0.7050. In the near future quotes will reach 0.7130 and overcoming of this level will be the basis for a further increase to 0.7250. Our medium-term outlook remains negative, but we expect further growth in the short term.

Nearest resistance levels: 0,7130, 0,7250, 0,7400, 0,7500

Nearest support levels: 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450

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