04.11.2014 - Technical view
The price of EUR/USD failed to fix below the strong 1.2500 level of, but continues to consolidate near this mark. In case of further growth, the quotes can continue to grow with the objectives 1,2600-1,2630. To continue the downward movement the price needs to fix below 1.2500. We recommend holding short positions with a stop above 1.2750 and maintain a medium-term negative outlook.
Nearest resistance levels: 1.2600, 1.2700, 1.2825, 1.2925, 1.3000, 1.3160
Nearest support levels: 1.2500, 1.2450, 1.2200, 1.2000
The price of GBP/USD continues to consolidate within a narrow channel 1,5960-1,6000. This situation gives grounds to expect a strong price movement in the near future. Fall is limited by the level of local minimum near 1.5880. Signals to open long positions will be fixing the price above 1,6200. We maintain a positive medium-term outlook for the British pound, but recommend to wait for the confirmation of the signal for the opening of long positions.
Nearest resistance levels: 1.6000, 1.6200, 1.6300, 1.6400, 1.6450
Nearest support levels: 1.5960, 1.5880, 1.5800, 1.5600
The price of USD/JPY continued to increase and reached the level of 114.00. Quotes were not able to overcome this mark and started to correct downwards. In case the continuation of the current downward momentum, quotations may continue to decline to the level of 112.00. We recommend holding long positions with a stop below 110.00 and targets 115.00 and 120.00. Our medium-term outlook remains positive.
Nearest resistance levels: 115.00, 120.00
Nearest support levels: 112.00, 110.00, 108.50, 107.60, 107.00, 106.00, 105.40, 104.70
The price of AUD/USD has reached the strong support near 0.8660 but failed to gain a foothold below it and started to correct upwards. Further upward movement is limited by the level of 0.8800. Despite the current upward momentum, we expect the resumption of the downward dynamics and recommend holding short positions with a stop above 0.8925. Our medium-term outlook remains negative.
Nearest resistance levels: 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200
Nearest support levels: 0.8660, 0.8600, 0.8550, 0.8500, 0.8360
The price of NZD/USD has broken through a strong support level and is consolidating near the level of 0.7740. At the moment, the price continues to move under the sloping resistance line. The growth of price is limited by the level of 0.7850 and 0.7950. At the moment, there is no reason to change the negative trend. We maintain a medium-term negative outlook on the New Zealand dollar with the target near 0.7500.
Nearest resistance levels: 0.7800, 0.7950, 0.8000, 0.8050, 0.8270, 0.8350
Nearest support levels: 0.7740, 0.7700, 0.7500