29.08.2016 - Technical view
Currencies trading and euro. The price of EUR/USD has shown a sharp decline during which has been able to break through the lower boundary of the rising channel and in the case of fixation below the level of 1.1200, we expect a continuation of the negative impulse to the nearest target levels at 1.1050 and 1.0985. The growth in the near future is limited by the levels of 1.1260 and 1.1300. Our medium-term outlook remains negative and we expect a fall in the near future.
Nearest resistance levels: 1,1400, 1,1500, 1,1620, 1,1750
Nearest support levels: 1,1200, 1,1050, 1,0985, 1,0850, 1,0800, 1,0700, 1,0550, 1,0500
Currencies trading and British pound. The price of GBP/USD has not been able to gain a foothold outside the descending channel and resumed falling. The breaking of the local minimum at 1.3175 was a signal to sell with target levels at 1.3000 and 1.2800. The growth in the near future is limited by the levels of 1,3225-1,3250. We with a high probability expect of a drop of price the near future and maintain the medium-term negative outlook.
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 after a long consolidation has shown a sharp upward impulse during which has broken through an important resistance level at 100.85, which is a signal to buy with targets at 103.50, 105.00 and 106.40. In case of correction quotations may return to the level of 100.85. Our medium-term outlook remains positive, and we expect the upward impulse 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 a rise in volatility and could not gain a foothold above the important 0.7650 level of. As a result of the strong decline quotations reached the border of the descending channel and may rebound from it. The probability of continued negative dynamics within the channel is high, and we maintain a medium-term negative outlook with targets at 0.7320 and 0.7250.
Nearest resistance levels: 0,7650, 0,7700, 0,7800, 0,8000
Nearest support levels: 0,7500, 0,7400, 0,7320, 0,7250, 0,7120, 0,7000
Currencies trading and New Zealand dollar. The price of NZD/USD reached an inclined resistance line and then started to decline sharply. As a result, quotations broke through an angled support line and approached the local minimum around 0.7200, fixing below which will be a signal to sell with targets at 0.7050 and 0.6940. Our medium-term outlook remains negative and we are waiting for confirmation on the sell signal.
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