13.08.2014 - Technical view

The price of EUR/USD rebounded upwards from the support level of 1.3350 after failed to break it. In case of further correction, the price can reach the levels of 1.3400 and 1.3440. Further reduction with immediate goals 1.3300 and 1.3200 is possible after consolidation the quotes below 1.3350. We recommend holding short positions with a stop above 1.3440 and maintain a medium-term negative outlook.

Nearest resistance levels: 1.3440, 1.3500, 1.3530, 1.3590, 1.3665, 1.3700

Nearest support levels: 1.3350, 1.3300, 1.3200, 1.3160, 1.3000, 1.2800

The price of GBP/USD could not fix below the important support level at 1.6770 and corrected to 1.6810. The price broke through the upper limit of the downward channel and in case of fixing the price above 1.6890, we recommend to open long positions. Today, we expect strong growth in volatility and maintain the medium-term positive outlook.

Nearest resistance levels: 1.6810, 1.6890, 1.7000, 1.7050, 1.7100, 1.7180, 1.7200

Nearest support levels: 1.6770, 1.6700

The price of USD/JPY after yesterday's growth continues to consolidate above the level of 102.20. While continuing the current dynamics, the price is likely to reach the level of 102.70, after which can grow up to 103.00 and 104.00. Fall is limited by the level of support at 101.70. We maintain our positive outlook for the medium-term.

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 once again tries to overcome the level of 0.9280. In case of success we expect continued growth to inclined line of resistance. The resumption of the downward movement can lead to reaching the level of the nearest local maximum of about 0.9240, after breaking of which the decline with objectives of 0.9200 and 0.9100 may accelerate. The medium-term outlook remains negative.

Nearest resistance levels: 0.9280, 0.9330, 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9220, 0.9200, 0.9100

The price of NZD/USD continued gradual decrease along the upper boundary of the descending channel and in the near future will probably reach the level of 0.8400. It is worth noting that after a long and significant reduction we have not seen price correction, indicating the possibility of a price increase in the near future. In the medium term, the price is likely to continue to trade around current levels in a wide range.

Nearest resistance levels: 0.8500, 0.8530, 0.8560, 0.8600, 0.8660, 0.8720, 0.8780

Nearest support levels: 0.8400, 0.8300

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