29.07.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has broken the lower boundary of the local descending channel, and as a result of the rising momentum has overcome resistance at 1.1050, above which is consolidating at the moment. In case of further growth may reach 1,1150-1,1200. Our medium-term outlook remains negative and the first targets will be 1.0850 and 1.0700.

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 slightly increased and approached the level of 1.3225. In case of continued growth and overcoming this mark, we expect a further increase to 1.3500. Our medium-term outlook remains negative and the probability of resumption of the negative dynamics with the objectives at 1.3000 and 1.2800 remains high.

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 continued to fall after failed to overcome an inclined resistance line and as a result reached the nearest target 103.50, after which negative dynamics is likely to continue to 101.40 and 100.00. Our medium-term outlook remains positive, but for the resumption of growth, the price needs to overcome the resistance at 105.00.

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 rebounded from the support level at 0.7500 and in case of continuation of this growth will reach levels 0.7575 and 0.7650. Despite the current upward momentum, quotes, according to our estimates will resume the fall and immediate objectives of in this case will be 0.7400 and 0.7320. We also maintain our medium-term negative view.

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 has shown a rise in volatility and reached the level of 0.7130. In case of overcoming this level growth within the local ascending channel will continue with the potential target at 0.7250. A signal to sell will be fixing of price below the level of 0.7050 and the lower boundary of the channel. Our medium-term outlook remains negative with potential targets at 0.6450 and 0.6250.

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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