01.09.2014 - Technical view

The price of EUR/USD after an unsuccessful attempt of fixing above 1.3200, continued consolidation below this level and then accelerated the decline. As a result, the price broke through the level of the nearest local maximum of 1.3160 and continued to fall. Growth is limited by the level of 1.3200. We expect continued descending movement to the target level of 1.2800.

Nearest resistance levels: 1.3160, 1.3200, 1.3240, 1.3300, 1.3350, 1.3440, 1.3500

Nearest support levels: 1.3100, 1.3000, 1.2800

The price of GBP/USD continues to consolidate below 1.6600. The amplitude of price fluctuations is steadily declining, which gives reason to expect a strong price movement in the near future. Signal for opening long positions will be fixing the prices above 1.6600. Fall is limited by the level of the nearest local minimum of about 1.6530. We maintain our positive outlook for the medium-term and look forward to the beginning of the price growth in the near future.

Nearest resistance levels: 1.6600, 1.6670, 1.6700, 1.6770, 1.6810, 1.6890, 1.7000

Nearest support levels: 1.6550, 1.6500, 1.6460

The price of USD/JPY approached the level of the nearest local maximum at about 104.25 and now is consolidating around a strong inclined level. To continue the upward movement with the objectives of 104.70 and 105.40, the price should be fixed above 104.00. Fall is limited by the level of 103.70. We maintain our positive medium-term outlook for the pair.

Nearest resistance levels: 104.70, 105.40

Nearest support levels: 104.00, 103.70, 103.00, 102.70, 102.20, 101.70, 101.15, 100.90

The price of AUD/USD corrected downwards to a strong level of 0.9330 and reached the lower boundary of the local rising channel. Now the price has rebounded from these levels and will likely continue to rise to 0,9360-0,9370. To continue the fall, the price should be fixed below 0.9330. Potential for further growth is insignificant, and we maintain mid-term negative outlook.

Nearest resistance levels: 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9330, 0.9280, 0.9240, 0.9200, 0.9100

The price of NZD/USD began to decline after it failed to overcome the level of 0.8400 and the upper limit of the downward channel. Growth of price is limited by the levels of resistance at 0.8400 and 0.8425. We predict that in the near future the price will reach a local minimum of about 0.8330 and will continue to move in the downward channel.

Nearest resistance levels: 0.8400, 0.8425, 0.8470, 0.8530, 0.8560, 0.8600, 0.8660, 0.8720

Nearest support levels: 0.8330, 0.8300, 0.8220

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