28.09.2016 - Technical view
Currencies trading and euro. The price of EUR/USD has not been able to overcome the resistance level at 1.1260 and started to correct downwards. As a result, the price returned to the important level of 1.1200 and is currently consolidating around it. In the near future quotations may reach a local support at 1.1140, and its overcoming will become the basis for the continuation of the negative dynamics of price to 1.1050, 1.0985 and 1.0850. Growth is limited by levels 1,1350-1,1400. Our medium-term outlook remains negative.
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 has returned to the psychologically important level of 1.3000 and the upper border of the downward channel. Overcoming these levels will be the basis for further growth of quotations with objectives at 1.3100 and 1.3225. At the same time, there is a high probability of falling of quotations in the near future with the objectives at 1.2800 and 1.2600. We maintain our medium-term negative outlook and today expect the fall.
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 continues to consolidate above the psychologically important level of 100.00. Overcoming and fixing the price below this mark is unlikely, and we expect the resumption of the positive dynamics. In the coming days quotes will probably continue consolidation and buy signal with the first targets at 103.50, 105.00 and 106.40 will be fixing of quotations above the level of 101.40 and the upper limit of the channel. Our medium-term outlook remains positive.
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 continued growth within the local rising channel after was able to overcome the resistance level at 0.7650. In the near future quotations may reach the levels 0,7700-0,7730. According to our estimates, the decline will resume in the near future and in case of opening short positions with the tight stop above 0.7730, target levels will be 0.7450, 0.7320 and 0.7120. Our medium-term outlook 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 decreases after was able to reach the level of 0.7320 and the inclined resistance line. In the near future quotations will probably reach a local minimum around 0.7220 and price fixing below 0.7200 will be a strong signal to sell with targets at 0.6820, 0.6600 and 0.6450. We do not exclude the resumption of growth and in the case of overcoming the level of 0.7320, we expect further growth to 0,7400-0,7500. 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