02.09.2014 - Technical view
The price of EUR/USD continues to decline along the upper boundary of the descending channel after breaking through the level of 1.3160. In case of correction the price may rise to 1.3160 and 1.3200. With a further fall, the closest targets will be 1.3000 and 1.2800. We keep the medium-term negative outlook and recommend holding short positions with a stop above 1.3250.
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 after a gradual rise along the sloping support line and despite overcoming the strong level of 1.6600, the price began to decline after it was unable to fix above 1.6600. In case of further decrease, the closest target level will be 1.6530. Growth is possible only after the price fixation above 1.6600. Despite the current decline, we keep medium-term positive outlook for the British pound.
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 has overcome the level of a local maximum of about 104.25 and continued growth within which hit its target level of 104.70. After consolidation above this mark and overcoming the level 105.00, the price is likely to reach 105.40. Fall is limited by the level of 104.00. We keep the positive outlook for the medium-term and recommend holding long positions.
Nearest resistance levels: 105.40
Nearest support levels: 104.70, 104.00, 103.70, 103.00, 102.70, 102.20, 101.70, 101.15, 100.90
The price of AUD/USD could not continue the upward movement and broke through the lower boundary of the local rising channel and a strong level of 0.9330. In the near future the price will likely continue to fall with the closest objectives 0.9280 and 0.9240. Growth is limited by the levels of 0,9330-0,9340. Our medium-term outlook remains negative with the objectives of 0.9100 and 0.8900.
Nearest resistance levels: 0.9330, 0.9440, 0.9500, 0.9600
Nearest support levels: 0.9280, 0.9240, 0.9200, 0.9100, 0.8900
The price of NZD/USD after consolidation under the lower limit of the downward channel has started to decline and now is at the level of 0.8350 after overcoming of which may continue to fall in with the objectives of 0.8300 and 0.8220. Potential of growth is limited by the upper boundary of the channel and the strong resistance at 0.8400. We expect continued downward movement in the near future and do not expect the change of negative trend.
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