14.07.2014 - Technical view

The price of EUR/USD after strong volatility during the last week continues to consolidate near the level of 1.3600. On the chart has formed the triangle pattern. Signal to open positions will be the price fixing beyond this figure. We look forward to continuing descending movement and maintain midterm negative outlook with targets at 1.3530 and 1.3400.

Nearest resistance levels: 1.3665, 1.3700, 1.3750, 1.3790

Nearest support levels: 1.3590, 1.3530, 1.3500, 1.3400

The price of GBP/USD within the lateral movement has moved beyond the rising channel. Price growth potential is very weak. Confirmation of the signal to sell will be the price fixing below 1.7100. Despite this we maintain midterm negative outlook for the British pound with the objectives of 1.7200 and 1.7300.

Nearest resistance levels: 1.7180, 1.7200, 1.7300

Nearest support levels: 1.7100, 1.7060, 1.7000, 1.6950, 1.6900, 1.6810, 1.6770

The price of USD/JPY has stopped reduction after it failed to fix below 101.20. At the present time the price has stabilized in the corridor 101,20-101,40. Growth is limited by the upper boundary of the descending channel. In case of continued fall, the price can reach 100.90 and 100.40. We expect the change of the negative trend and maintain midterm positive outlook.

Nearest resistance levels: 101.40, 102.20, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 100.90, 100.00

The price of AUD/USD tries to decide on further movement. Growth is limited by a strong level of 0.9440. In case of renewal of falling, a signal to open short positions will be fixing the price below 0.9330. We maintain midterm negative outlook with targets at about 0.9200 and 0.9000.

Nearest resistance levels: 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9360, 0.9330, 0.9300, 0.9220, 0.9200

The price of NZD/USD moves inside the rising channel. Price volatility is quite low. Growth is limited by the upper boundary of the channel, and in the case of reduction, the signal to sell will be fixing the price below the level 0.8780 and the lower boundary of the rising channel. We expect the continuation of the current tendency of gradual growth and low volatility in prices in the near future.

Nearest resistance levels: 0.8850

Nearest support levels: 0.8800, 0.8780, 0.8660, 0.8600, 0.8560, 0.8480

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