06.08.2014 - Technical view
The price of EUR/USD after a long consolidation above 1.3420, dropped sharply and reached the nearest local minimum. At the moment there is a high probability of continuing the downward movement with the closest target near 1.3300. Correction is possible to 1,3440. We maintain a medium-term negative outlook with targets near 1.3200 and 1.2800.
Nearest resistance levels: 1.3440, 1.3500, 1.3530, 1.3590, 1.3665, 1.3700
Nearest support levels: 1.3300, 1.3200, 1.3160, 1.3000, 1.2800
The price of GBP/USD has reached the upper limit of the local downward channel and is consolidating around it. In case of resumption of upward movement, the closest target level is 1.6810, which coincides with the local minimum. To continue to grow with the objectives of 1.7000 and 1.7200, the price needs to consolidate above 1.6900. We maintain our positive outlook for the medium-term with objectives of 1.7200 and 1.7300.
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 after an unsuccessful attempt to gain a foothold above 102.70, has returned to yesterday's levels and continues to consolidate in this area. Price reduction is limited by the inclined line of support and the level of 102.20. In case of growth, a buy signal will be fixing the price above 102.70 and overcoming the nearest local maximum near 103.00. We maintain our positive outlook for the medium-term with the objectives of 104.00 and 104.70.
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 has failed to gain a foothold above the mark of 0.9330 and resumed a downward movement along the upper boundary of the descending channel. We predict that in the near future, the price will reach 0.9280, after fixing below which may continue the downward movement with the goals of 0.9200 and 0.8900. Growth is limited by the level of 0.9340. We maintain a medium-term negative outlook.
Nearest resistance levels: 0.9330, 0.9440, 0.9500, 0.9600
Nearest support levels: 0.9280, 0.9220, 0.9200, 0.9100
The price of NZD/USD after a long consolidation began to decline sharply and has broken through the support level, which coincides with the local minimum near 0.8470. In case of continuing the current motion, we expect the quotations to reach the mark of 0.8400. As part of the correction, the price can rise to 0.8470. According to our estimates, in the near future, falling of the price will continue.
Nearest resistance levels: 0.8470, 0.8560, 0.8600, 0.8660, 0.8720, 0.8780, 0.8800
Nearest support levels: 0.8400, 0.8300