01.10.2014 - Technical view
The price of EUR/USD after consolidation below 1.2700 the price continued to decline and reached another target level of 1.2600. Quotes were not able to overcome this level at the first attempt and now are consolidated above. Correction is possible to the levels of 1.2700 and 1.2800. We maintain our negative medium-term outlook with the objectives at 1.2500 and 1.2200 and recommend holding short positions on the euro.
Nearest resistance levels: 1.2700, 1.2825, 1.3000, 1.3100, 1.3160, 1.3200, 1.3240
Nearest support levels: 1.2600, 1.2500, 1.2450, 1.2200
The price of GBP/USD has broken through the support level 1.6200 and continued to fall within the local downward channel. Downside potential is limited and in case of continuation of the current trend, the price may fall to 1.6050. In the near future we are likely to see consolidation of the price in a wide range 1,6100-1,6400 and then we will be able to determine the direction of prices in the medium term. Our medium-term outlook remains positive.
Nearest resistance levels: 1.6200, 1.6300, 1.6400, 1.6450, 1.6535, 1.6600, 1.6670
Nearest support levels: 1.6050, 1.6000, 1.5800
The price of USD/JPY reached another target level of 110.00, but was not able to overcome it and rolled back. In connection with absence of strong impulse, there is a big probability of price correction to the strong support at 108.50. We expect continued upward movement of price in the medium term, with the objectives of 115.00 and 120.00 and recommend holding long positions with a stop below 108.40.
Nearest resistance levels: 110.00, 111.00, 115.00, 120.00
Nearest support levels: 108.50, 107.00, 106.00, 105.40, 104.70, 104.00, 103.70
The price of AUD/USD after a brief consolidation of the price along the upper boundary of the descending channel, accelerated the decline and has broken through the support level at 0.8700. At the moment, we see no signs of slowing down the fall of prices and expect saving the current dynamics until achieving the target level of 0.8500. Our medium-term view remains negative and we recommend holding short positions on the Australian dollar.
Nearest resistance levels: 0.8700, 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200
Nearest support levels: 0.8660, 0.8600, 0.8550, 0.8500
The price of NZD/USD continues to move along a strong inclined line in the near future we are likely to see a prolonged price consolidation within the corridor 0,7700-0,7800. At the moment, there is no reason to change the trend, and we keep the medium-term negative outlook and recommend holding short positions with a stop above 0.7900.
Nearest resistance levels: 0.7820, 0.7900, 0.8000, 0.8050, 0.8270, 0.8350, 0.8400
Nearest support levels: 0.7700, 0.7500