30.06.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continues to gradually grow after overcame the resistance level at 1.1050. In case of continuation of the current positive dynamics, we expect reaching the levels of 1.1200 and 1.1400. On the other hand remains a high probability of resumption of the negative dynamics of price with the first target at 1.0985, after overcoming of which we expect decline to 1.0850 and 1.0700. Our medium-term outlook for the euro remains negative.

Nearest resistance levels: 1,1200, 1,1400, 1,1500, 1,1620, 1,1750

Nearest support levels: 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 returned to the level of 1.3400 after could not continue its growth. In case of resumption of growth, quotations may reach the levels 1.3600 and 1.3840, but a continuation of negative dynamics will be more likely. According to our estimates, in the medium term the price may fall to 1.3000 and 1.2600. Our medium-term outlook remains negative.

Nearest resistance levels: 1,3400, 1.3600, 1.3840, 1.4040, 1.4500, 1.4670, 1.4850, 1,5000

Nearest support levels: 1,3225, 1,3000, 1,2600

Currencies trading and Japanese yen. The price of USD/JPY has reached the upper limit of the local downward channel and its overcoming will be the basis for continued growth to 103.50 and 105.00. In the near future we may see a price drop to the bottom of the channel and the level of 100.00. Our medium-term outlook remains positive and downside potential in the near future is low.

Nearest resistance levels: 103,50, 105,00, 106,40, 108,00, 109,75, 111,00, 112,15, 113.00

Nearest support levels: 100,00, 99,00, 98,60

Currencies trading and Australian dollar. The price of AUD/USD continued to rise after breaking through the resistance level at 0.7400. The next upside target levels within further growth will be 0.7500 and 0.7575. According to our estimates, the downward dynamics of price is likely to resume in the near future. We maintain our medium-term negative outlook, but do not exclude the rise in the coming days.

Nearest resistance levels: 0,7500, 0,7575, 0,7700, 0,7800, 0,8000

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

Currencies trading and New Zealand dollar. The price of NZD/USD could not overcome the resistance at 0.7130 and is currently declining within the correction. The nearest support is 0.7050, and breaking through it will be the basis for further reduction of price to 0.6970. The growth in the near future will be limited by the resistance at 0.7250. We forecast a drop in the medium 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, 0,6400, 0,6320

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