30.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continues to consolidate below the level of 1.1200, fixing below which is a signal for changing the trend from positive to negative. The target level in this case will be 1.1050 and 1.0985. The growth in the near future is limited by the range 1,1300-1,1350. Our medium-term outlook remains negative and we expect a decrease 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 showed a slight correction that can continue to 1.3175, but the more likely scenario is a continuation of the negative dynamics of quotations to the levels 1.3000 and 1.2800. According to our estimates, in the near future the possibility of renewed growth is low and we expect a decline in the medium term.

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 has stabilized after a sharp rise earlier and according to our estimates, there is a high probability of further growth of quotations in the near future with the objectives at 103.50, 105.00 and 106.40. The fall within the correction is possible up to the level of 100.85. Our medium-term outlook remains positive, and we expect continued upward momentum in the short term.

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 rebounded from the lower boundary of the descending channel and may continue increase to the level of 0.7600 and the upper limit of the channel. Overcoming these levels is unlikely, and we expect the resumption of the negative price dynamics. Our medium-term outlook also remains negative with the objectives 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 has returned to the level of 0.7250 after corrected upwards. The signal to sell with targets at 0.7050 and 0.6820 and the stop above 0.7250 will become fixing of price below the local minimum around 0.7200. Our medium-term outlook remains negative and we expect the resumption of the negative dynamics in the near future.

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

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