29.09.2016 - Technical view

Currencies trading and euro. The price of EUR/USD has not been able to gain a foothold below the level 1.1200 and continues to consolidate within the range 1,1200-1,1260. Overcoming the upper boundary of the corridor will be the basis for further growth of the price to 1,1350-1,1400. On the other hand, while reducing, the price will reach the level of 1.1140, fixing below which the will be a signal to sell with targets at 1.1050, 1.0985 and 1.0850. 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 broken the upper border of the descending channel and the level of resistance at 1.3000. If the price fixates above this mark, we expect a further increase to 1.3225 and 1.3350. In case of resumption of negative dynamics the targets will be 1.2800 and 1.2600. Our medium-term outlook remains negative, despite a possible rise in the near future.

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 has shown growth after an unsuccessful attempt to break through the support level at 100.00. At the moment, quotes reached a resistance level at 101.40 and for continued growth of quotations they need to overcome the inclined resistance line. In this case, the closest targets will be 103.50, 105.00 and 106.40. Our medium-term outlook remains positive and downside is minimal.

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 the growth within the local rising channel and may soon reach a resistance at 0.7730. If the price fixates above this level, growth is likely to continue to 0.7800 and 0.8000. On the other hand, the signal to sell will be fixation of quotations below 0.7650. Our medium-term outlook remains negative with the first targets at 0.7500, 0.7450 and 0.7320.

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

Nearest support levels: 0,7650, 0,7500, 0,7450, 0,7320, 0,7250, 0,7120, 0,7000

Currencies trading and New Zealand dollar. The price of NZD/USD has shown growth within the triangle and approached its upper border. Overcoming this resistance line and fixing above the level of 0.7320, will be a strong buy signal with the objectives at 0.7400 and 0.7500. A more likely scenario, according to our estimates, will be decrease of price and confirmation of the signal to sell signal will be fixation of quotations below the level of 0.7200. Our medium-term outlook remains negative and we expect a strong price movement in the near future.

Nearest resistance levels: 0,7320, 0,7400, 0,7500

Nearest support levels: 0,7200, 0,7130, 0,7050, 0,6940, 0,6820, 0,6720, 0,6575, 0,6450

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