31.08.2016 - Technical view

Currencies trading and euro. The price of EUR/USD continues to decline after has broken through an important level of 1.1200. Fixation lower than this mark is a signal to sell with the closest targets at 1.1050 and 1.0985. Within the correction quotations may return to the levels of 1,1200-1,1260. Our medium-term outlook remains negative and the probability of a decline in the near future has increased significantly.

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 is consolidating after the recent decline and moves inside the descending channel. The growth of price is limited by the channel’s boundary and levels of 1,3175-1,3225. In case of continued negative dynamics and overcoming the level of 1.3000, the next targets will be 1.2800 and 1.2600. Our medium-term outlook remains negative and we expect a decrease in the near future.

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 continues to grow after fixed above the level of 102.00. The likelihood of achieving its immediate objectives at 103.50, 105.00 and 106.40 has increased significantly. The fall of quotations within the correction is possible up to 102.00 and 100.85. Our medium-term outlook remains positive, and we expect a further increase in prices in the near future.

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

Nearest support levels: 101,40, 100,00, 99,00, 98,60, 97,00

Currencies trading and Australian dollar. The price of AUD/USD has renewed the fall within the descending channel and has reached its lower limit. In case of correction the price will return to the upper boundary of the channel and the level of 0.7600. According to our estimates, quotations will continue to decline in the near future within the downward channel with its closest objectives at 0.7320 and 0.7250. We also maintain our medium-term negative outlook.

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 bounced upwards from the support level at 0.7200 and returned to resistance at 0.7250. Further growth is limited by the resistance at 0.7320 and inclined resistance line. Confirmation of sell signal will be fixing of price below the level of 0.7200. We forecast the fall in the near future and medium term with the targets at 0.7050 and 0.6820.

Nearest resistance levels: 0,7250, 0,7320, 0,7400, 0,7500

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

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