10.10.2014 - Technical view
The price of EUR/USD could not continue yesterday's growth and has overcome the level of 1.2800. Currently quotes declined to the borders of the descending channel and are trying to gain a foothold above it. In case of success and overcoming the 1.2825 level of, we recommend to close long positions and wait for a signal for the re-opening of positions. We maintain a medium-term negative outlook and recommend holding short positions with the targets of 1,2500 and 1,2200.
Nearest resistance levels: 1.2700, 1.2825, 1.3000, 1.3100, 1.3160, 1.3200, 1.3240
Nearest support levels: 1.2500, 1.2450, 1.2200
The price of GBP/USD started to correct after reaching the resistance level at 1.6200. In the near future, quotes will probably continue to move through the corridor 1,6100-1,6200. Despite the gradual growth of quotations in recent weeks, the trend remains negative and the British pound may soon reach the level of support around 1.6000. The potential for further reduction is limited and according to our estimates in the medium term, quotes will continue to rise.
Nearest resistance levels: 1.6200, 1.6300, 1.6400, 1.6450, 1.6535, 1.6600
Nearest support levels: 1.6100, 1.6050, 1.6000, 1.5800, 1.5600
The price of USD/JPY gradually reduced, but continues to consolidate near the level of 108.00. A further fall in prices is limited by the level of support 107.00. For the resumption of growth, it is necessary to break through the angled line of resistance and to gain a foothold above the level of 108.50. Despite the current negative trend, we maintain a positive outlook for the medium-term and recommend to wait for a signal to re-open long positions.
Nearest resistance levels: 108.50, 110.00, 111.00, 115.00, 120.00
Nearest support levels: 107.00, 106.00, 105.40, 104.70, 104.00, 103.70
The price of AUD/USD started to correct after reaching the important level of 0.8900. Currently quotes broke through the level of 0.8800 and in case of price fixing below the local minimum of about 0.8760, will continue to fall to the next target level near 0.8665. Growth is limited by the resistance at 0.8900. We maintain a medium-term negative outlook and recommend holding short positions with the target of 0.8500.
Nearest resistance levels: 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200
Nearest support levels: 0.8760, 0.8665, 0.8600, 0.8550, 0.8500
The price of NZD/USD could not continue the upward movement and gain a foothold above the level of 0.7900. In case of continued downward movement, the closest target level will be 0.7740. Growth is limited by the level of 0.8085, fixing the price above which will be a signal of fixation short positions. We maintain a medium-term negative outlook and recommend holding short positions.
Nearest resistance levels: 0.7900, 0.8000, 0.8050, 0.8270, 0.8350
Nearest support levels: 0.7820, 0.7740, 0.7700, 0.7500