14.08.2014 - Technical view

The price of EUR/USD pushed away from the support level 1.3350 and rose sharply to 1.3400 but failed to gain a foothold above this level and returned to previous levels. To continue the downward movement, the price must be fixed below the level of 1.3350. Growth is limited by the resistance of 1.3440. We maintain a medium-term negative outlook with the objectives of 1.3200 and 1.2800.

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 after consolidation below 1.6810, began to decline sharply and reached a strong sloping support line. Considering the break of 1.6700, we expect further downward movement with the closest target near 1.6600. Within the correction, the price may rise to 1.6770. At the moment there are no signs of change of the negative trend to positive. We expect continued downward movement in the near future.

Nearest resistance levels: 1.6700, 1.6770, 1.6810, 1.6890, 1.7000, 1.7050, 1.7100

Nearest support levels: 1.6600, 1.6550

The price of USD/JPY fixed above the level of 102.20 and continued gradual growth. We expect reaching the level of 102.70, after which the price may begin to fall again. In case of continued growth, confirmation of a buy signal with the objectives of 104.00 and 104.70 will be fixing the price above 103.00. Fall is limited by the levels of support at 102.20 and 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 after breaking through the resistance at 0.9280, reached the inclined line, but could not overcome it, and began to decline. We expect the price reaching the level of 0.9280, after which the decline may continue with the objectives of 0.9220 and 0.9200. Growth is limited by the inclined line of resistance and a strong level of 0.9330. We reiterate our medium-term negative outlook with the target at 0.8900.

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 has left the descending channel after an unsuccessful attempt to fix below 0.8425. At the moment, the price has reached the level of 0.8470, and for the continuation of short-term upward trend it should gain a foothold above this level. Nearest targets in case of growth will be 0.8530 and 0.8560. We expect a price increase in the near future, but the growth potential is limited.

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

Nearest support levels: 0.8425, 0.8400, 0.8300

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