04.08.2014 - Technical view
The price of EUR/USD has broken through the angled line of resistance and corrected up to the closest resistance level of 1.3440. For the continued growth, the price needs to break through and gain a foothold above this mark. We expect the resumption of the downward price movement in the near future with the first target near local minimum of about 1.3370. Medium-term outlook also remains negative with the targets at 1.3200 and 1.2800.
Nearest resistance levels: 1.3400, 1.3440, 1.3500, 1.3530, 1.3590, 1.3665, 1.3700
Nearest support levels: 1.3370, 1.3200, 1.3160, 1.3000, 1.2800
The price of GBP/USD accelerated the decline and reached the next support level 1.6810 and is currently consolidating above this mark, for the continuation of the current trend, the price needs to fix below 1.6810. Due to the strong decrease in the last trading session, we expect the beginning of a correction in the near future with the targets at 1.6900. In the medium term, we maintain a positive outlook.
Nearest resistance levels: 1.6900, 1.7000, 1.7050, 1.7100, 1.7180, 1.7200, 1.7300
Nearest support levels: 1.6810, 1.6770
The price of USD/JPY corrected downwards to the upper limit of the local rising channel, but could not break through it and return within the limits of the channel. Currently, the price is trading below 102.70 and after overcoming it will likely continue to rise with the objectives of 103.00 and 104.00. We recommend holding long positions and maintain a medium-term positive outlook.
Nearest resistance levels: 102.70, 103.00, 104.00, 104.70
Nearest support levels: 102.20, 101.90, 101.15, 100.90, 100.00
The price of AUD/USD within the correction after the sharp fall in the last weeks has reached the level of 0.9330 and approached the upper border of the rising channel. Continued growth in the near future is unlikely and we expect the resumption of downward dynamics in the near future and maintain a medium-term negative outlook.
Nearest resistance levels: 0.9330, 0.9440, 0.9500, 0.9600
Nearest support levels: 0.9220, 0.9200, 0.9100
The price of NZD/USD began to grow gradually, but still continues the sideways movement above 0.8480. The price movement in the near future is limited by frameworks of corridor 0,8480-0,8560. Signal to open positions will be the price fixing outside this corridor. For the medium-term forecast, we need new signals.
Nearest resistance levels: 0.8560, 0.8600, 0.8660, 0.8720, 0.8780, 0.8800, 0.8850
Nearest support levels: 0.8480, 0.8400