07.08.2014 - Technical view
The price of EUR/USD corrected upwards and has won back a significant part of yesterday's losses. The price could not fix below 1.3370 and in case of further growth can grow up to 1.3440. Revision of our forecasts is possible after overcoming the level of 1.3440. We recommend holding short positions and maintain a medium-term negative outlook with the objectives of 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 started to correct upwards after yesterday's decline and now is trading near the sloping resistance line. In case of further growth, the signal for the opening long positions will be fixing the price above 1.6900. In this case, the first target will be the level of 1.7000. The fall is limited by the levels of support at 1.6810 and 1.6770. The medium-term outlook remains positive, despite the possibility of further decline in the near future.
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 it failed to gain a foothold above 102.70 started to decline and has accelerated the fall last night. As a result, the prices reached an inclined level of support and psychologically important mark of 102.20. If the price will fix below 102.20, the fall may continue with the objectives of 101.70 and 101.15. We maintain our positive outlook for the medium-term with the objectives of 102.70, 104.00 and 104.70.
Nearest resistance levels: 102.20, 102.70, 103.00, 104.00, 104.70
Nearest support levels: 101.70, 101.15, 100.90, 100.00
The price of AUD/USD despite the attempt to increase again failed to fix above the mark of 0.9330 and fell sharply. The price of the Australian currency reached the nearest local minimum and in case of breaking through it, will likely continue to fall with the objectives of 0.9220 and 0.9100. Our medium-term outlook remains negative and we recommend holding short positions.
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 yesterday's sharp decline, corrected upwards and now is trying to consolidate below 0.8470. Within reduction, the closest target may be the level of 0.8400. Growth is limited by the level of 0.8560. In the near future, the price is likely to continue to move around the current levels, and to determine the further progress we will need new signals.
Nearest resistance levels: 0.8560, 0.8600, 0.8660, 0.8720, 0.8780, 0.8800
Nearest support levels: 0.8400, 0.8300