30.09.2016 - Technical view
Currencies trading and euro. The price of EUR/USD still consolidates above the level of 1.1200 and in case of continuation of growth, will reach the resistance at 1.1260. Overcoming this level will be the basis for continued growth to 1,1350-1,1400. In case of a fall, a signal to sell with the first targets at 1.1050, 1.0985 and 1.0850 will be fixing the price below the level of 1.1140. Our medium-term outlook remains negative and we expect increased volatility after a long consolidation.
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 could not overcome the resistance level at 1.3000 and after reaching its upper boundary started the decline within the local descending channel. In case of resumption of growth the closest targets will be 1.3100 and 1.3225. According to our forecasts, the decline will continue in the near future and targets in such a case will be 1.2800 and 1.2600. Our medium-term outlook is also negative.
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 continued to decline within descending channel after it was unable to overcome the upper boundary. The fall in the near future is limited by the level of support at 100.00 and in case of change in the trend to positive, a buy signal will be fixing the price above the level of 101.40. We expect the resumption of growth in the near future with the first targets at 103.50, 105.00 and 106.40. Our medium-term outlook remains negative.
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 broken the lower border of the local rising channel after was unable to gain a foothold above the level of 0.7700. Confirmation of the sell signal in case of further price reduction will be overcoming the nearest support at 0.7600. Growth in the next few days will be limited by the levels of 0,7700-0,7730. Our medium-term outlook remains negative and the probability of a decline in the near future with the objectives to 0.7450 and 0.7320, has grown significantly.
Nearest resistance levels: 0,7650, 0,7700, 0,7800, 0,8000
Nearest support levels: 0,7500, 0,7450, 0,7320, 0,7250, 0,7120, 0,7000
Currencies trading and New Zealand dollar. The price of NZD/USD continues to consolidate within the triangle. The breaking of its upper boundary and fixation above the level of 0.7320 will be the basis for further price increase to 0,7400-0,7500. On the other hand, fixation lower than 0.7200 will be a signal to sell with targets at 0.6820, 0.6600 and 0.6450. 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, 0,6600, 0,6450