14.10.2014 - Technical view

The price of EUR/USD has overcome the level of 1.2700, but was unable to reach the mark of 1.2800. Currently quotes are consolidated above the mark of 1.2700. In case of further growth, the signal to close short positions will be fixing prices above 1.2825. Support levels are at 1.2600 and 1.2500. Despite the current upward momentum, we expect the resumption of price growth and maintain a medium-term negative outlook for the euro with objectives of 1.2500 and 1.2200.

Nearest resistance levels: 1.2825, 1.3000, 1.3100, 1.3160, 1.3200, 1.3240

Nearest support levels: 1.2700, 1.2600, 1.2500, 1.2450, 1.2200

The price of GBP/USD rose to the resistance level of 1.6125, but could not overcome it, and began to decline. Currently quotes are consolidated above the upper limit of the downward channel. In case of continued growth, quotations may rise to 1.6200. Fall is limited by the levels 1.5960 and 1.6000. In case of reaching these levels, we recommend to accumulate long positions. Our medium-term outlook remains positive with the objectives of 1.6670 and 1.6900.

Nearest resistance levels: 1.6125, 1.6200, 1.6300, 1.6400, 1.6450, 1.6535, 1.6600

Nearest support levels: 1.6050, 1.6000, 1.5800, 1.5600

The price of USD/JPY continues to fall within the local descending corridor. The price has broken through an important support level 107.00, but was unable to gain a foothold above it. To change the local downtrend, the price needs to gain a foothold above the level of 108.00. We assume the possibility of falling prices to the level 105.40, but keep medium-term positive outlook with the objectives 115,00-120,00.

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 reached the upper limit of the corridor 0,8660-0,8800. If the price will fix above this level, quotes will continue to grow with the immediate goal near 0.8925. Overcoming this level will be the signal of closing of short positions. Despite the decrease of the fall potential and long-term consolidation of price, we maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200

Nearest support levels: 0.8660, 0.8600, 0.8550, 0.8500

The price of NZD/USD approached the strong resistance level of 0.7900 and sloping resistance line. Taking into account the long-term consolidation, the positions of bears has weakened. In case of breaking inclined line of resistance and fixation above 0.7960, we recommend to close short positions and to wait for further signals. Our medium-term outlook remains negative with the target near 0.7500.

Nearest resistance levels: 0.7900, 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7800, 0.7740, 0.7700, 0.7500

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