15.08.2014 - Technical view

The price of EUR/USD after another unsuccessful jump upwards returned to previous levels and continues to consolidate above the level of 1.3350. The growth of price is limited by resistance levels at 1.3400 and 1.3440. To continue the downward movement, the price needs to fix below 1.3350. We recommend holding short positions with a stop above 1.3450. The medium-term outlook remains negative.

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 stabilized near the level of 1.6650 after reaching the lower limit of the downward channel. Fixing the price below 1.6700 will be an incentive for further reduction within the descending channel, with the closest target near 1.6600. Trend reversal is possible after breaking through the upper boundary of the channel and the price fixing above the nearest local maximum of about 1.6810. We expect continued falling in the coming days, after which with a high probability we will see an upward correction.

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 continues to move along the bottom of the rising channel. Continued upward movement is possible after fixing the price above 102.70. In this case, we can expect growth to 104.00 and 104.70. Fall is limited by the levels of 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 continues to consolidate below the strong level 0.9330 and is approaching to the upper boundary of the local descending corridor. To continue the growth, the price needs to break through and gain a foothold above these levels. In the near future we will probably see a drop in prices of the Australian dollar with the objectives 0.9280 and 0.9220. 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 continues to move within the corridor 0,8425-0,8530. The price movement in the near future is limited by the limits of this corridor. Despite some increase in volatility in recent time, we expect that the price within the next few weeks will continue to consolidate near current levels due to the limited growth and fall potential.

Nearest resistance levels: 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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