06.11.2014 - Technical view

The price of EUR/USD has broken through an important level of 1.2500, but was unable gain a foothold above it and compensateв most of the losses. In case of further growth, the price may reach 1.2600. We expect continuation of the downward movement and expect increased volatility today. We also recommend holding short positions with a stop above 1.2750 and maintain a medium-term negative outlook with the objectives of 1.2200 and 1.2000.

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 yesterday showed a strong increase in volatility and after breaking the level of 1.5960 decreased to the nearest local minimum of about 1.5880. Despite the strong downward momentum, quotes returned within the corridor 1,5960-1,6000 and continues to consolidate in this range. Today we expect increased volatility in prices. Our medium-term outlook remains positive and we recommend to open long positions after fixing the price above 1,6200.

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 reached another target level of 115.00, has continued the growth, but was unable to gain a foothold above this mark. At the moment, quotes are located near the level of 114.00 and in case of further correction may be reduced to 113.00. We maintain a medium-term negative outlook with the closest target near 120.00 and recommend holding long positions with a stop below 112.00.

Nearest resistance levels: 115.00, 120.00

Nearest support levels: 113.00, 110.00, 108.50, 107.60, 107.00, 106.00, 105.40, 104.70

Japanese Yen VS American Dollar

The price of AUD/USD after reaching the upper limit of the local downward channel started to decline sharply and has broken through a strong support level at 0.8660. Currently quotationÑ– are consolidated near the mark of 0.8600 and in the near future will likely continue to fall within the channel. Growth of price within the correction is limited by the resistance level 0.8660. We recommend holding short positions and maintain a medium-term negative outlook.

Nearest resistance levels: 0.8660, 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200

Nearest support levels: 0.8600, 0.8550, 0.8500, 0.8360

The price of NZD/USD again has broken through a strong support level 0.7740 and now is trying to gain a foothold below this mark. The price movement in the near future is limited by the boundaries of the local downward channel. We expect further downward movement in the medium term and recommend holding short positions with a stop above 0.7900 and objectives near 0.7500.

Nearest resistance levels: 0.7740, 0.7800, 0.7950, 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7700, 0.7500

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