12.09.2014 - Technical view

The price of EUR/USD failed to overcome the local resistance level 1.2950 and continues to consolidate below this mark. The rise in prices is limited by the psychologically important level of 1.3000. We see that the potential for reducing the price weakened, but medium-term trend remains negative. Despite the possibility of upward correction in the near future, we keep medium-term negative outlook with the closest target of 1.2800.

Nearest resistance levels: 1.3000, 1.3100, 1.3160, 1.3200, 1.3240, 1.3300, 1.3350

Nearest support levels: 1.2860, 1.2800

The price of GBP/USD has overcome the resistance level of 1.6200 and now is consolidating above it. In the near future we expect the price to close the gap and reach the level of 1.6300. Further growth will be limited by a strong resistance level at 1.6450. With the resumption of a downward correction, the prices will reach a local minimum of about 1.6050. We expect strong price volatility in the coming week.

Nearest resistance levels: 1.6300, 1.6400, 1.6450, 1.6535, 1.6600, 1.6670

Nearest support levels: 1.6200, 1.6050, 1.6000, 1.5500, 1.5000

The price of USD/JPY maintains a positive trend and continues a gradual growth. Thus, the price reached another target level of 107.00 and has overcome it. In case of correction, quotations may fall to 106.00 and the upper boundary of the rising channel which the price has left a few days ago. We expect further growth with the objectives of 108.50 and 110.00. Our medium-term outlook remains positive.

Nearest resistance levels: 108.50, 110.00

Nearest support levels: 107.00, 106.00, 105.40, 104.70, 104.00, 103.70, 103.00

The price of AUD/USD broke through an important level 0.9100 and the lower boundary of the channel. Given the strong downward momentum, we expect that the price will soon will reach a point 0.9000 and will break it. In case of consolidation below this level, the next target will be 0.8900. Correction is possible to 0.9130. We maintain a medium-term negative outlook.

Nearest resistance levels: 0.9130, 0.9200, 0.9240, 0.9330, 0.9400, 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9100, 0.9000, 0.8900

The price of NZD/USD is reducing under local descending channel after going beyond the medium-term falling channel. Correction is possible to 0.8270. Signal that the downward trend will change will be the price fixing above 0.8350. We expect a further decline of quotations to the level of 0.8000 in the short term.

Nearest resistance levels: 0.8270, 0.8350, 0.8400, 0.8425, 0.8470, 0.8530, 0.8560, 0.8600

Nearest support levels: 0.8100, 0.8000

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