03.09.2014 - Technical view
The price of EUR/USD stabilized and now is consolidating near the level 1.3130. At the moment, the price approached the slanting line of resistance, and in the near future will likely continue to fall. The target level is around 1.2800. Growth is limited by the levels of 1.3160 and 1.3200. We maintain a medium-term negative outlook for the euro.
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 started to decline sharply after breaking through the sloping support line and a strong level of 1.6600. Within falling the price has returned to the downward channel and may continue decline to its lower limit. Corrective growth is limited by the nearest resistance level 1.6535. The fall in the near future is likely to continue. Resumption of growth is expected at the end of the month.
Nearest resistance levels: 1.6535, 1.6600, 1.6670, 1.6700, 1.6770, 1.6810, 1.6890
Nearest support levels: 1.6450, 1.6400, 1.6300
The price of USD/JPY continued the growth and approached the upper boundary of the rising channel and the target level of 105.40. In the near future we may see a corrective movement to the level of support at 104.70. Our medium-term outlook remains positive, but we do not exclude the sharp decline in the near future.
Nearest resistance levels: 105.40
Nearest support levels: 104.70, 104.00, 103.70, 103.00, 102.70, 102.20, 101.70
The price of AUD/USD dropped to level of support at 0.9280 and now is consolidating near this level. In case of further decline, the price will reach 0.9240. Resistance is located near the strong level 0.9330. We expect a further decline and maintain a medium-term negative outlook for the Australian dollar.
Nearest resistance levels: 0.9330, 0.9440, 0.9500, 0.9600
Nearest support levels: 0.9240, 0.9200, 0.9100, 0.8900
The price of NZD/USD after breaking through the level of a local minimum continued to decline and reached the lower limit of the downward channel. The breaking of this level is unlikely today and we expect that the price will consolidate above it. In case of correction, the quotes, can grow up to 0.8330. Our short-term outlook for the New Zealand dollar remains negative.
Nearest resistance levels: 0.8330, 0.8400, 0.8425, 0.8470, 0.8530, 0.8560, 0.8600
Nearest support levels: 0.8220, 0.8200, 0.8100