17.09.2014 - Technical view

The price of EUR/USD is gradually increasing along an inclined line of support. Quotes almost reached the psychologically important level of 1.3000, but rolled back and now is consolidating around the mark of 1.2950. The signal to buy with the target of 1.3160 will be fixing the price above 1.3000. We look forward to the resumption of the downward movement in the near future and maintain a medium-term negative outlook with the objectives of 1.2800 and 1.2500.

Nearest resistance levels: 1.3000, 1.3100, 1.3160, 1.3200, 1.3240, 1.3300, 1.3350

Nearest support levels: 1.2860, 1.2800

The price of GBP/USD reached an important level of 1.6300, but was unable to break it, and corrected to the previous levels. In the near future, we expect an increase in volatility in case of continued growth, a buy signal will be fixing the price above the upper boundary of the descending channel and the level of 1.6300. The closest objectives in the case of reduction will be 1.6050 and 1.6000. We do not recommend the open positions on the pound today and to wait for the signal tomorrow.

Nearest resistance levels: 1.6300, 1.6400, 1.6450, 1.6535, 1.6600, 1.6670

Nearest support levels: 1.6200, 1.6050, 1.6000, 1.5500, 1.5000

The price of USD/JPY continues to consolidate above the level of 107.00 and the upper boundary of the rising channel. In case of returning the price within the limits of the channel is possible the decrease to the level of 106.00. Nearest targets with a further increase will be 108.50 and 110.00. We maintain our positive outlook for the medium-term and expect increased volatility today.

Nearest resistance levels: 108.50, 110.00

Nearest support levels: 107.00, 106.00, 105.40, 104.70, 104.00, 103.70, 103.00

The price of AUD/USD after a sharp rise in the price reached 0.9100 but failed to break through it and now is corrected. At the moment the price is consolidating near the lower limit of the downward channel and will likely continue to move within the channel in the near future. Today, we expect increased volatility. Nearest targets level is 0.9000. Growth is limited by the upper boundary of the channel. We maintain a medium-term negative outlook with the objectives of 0.9000 and 0.8900.

Nearest resistance levels: 0.9100, 0.9130, 0.9200, 0.9240, 0.9330, 0.9400, 0.9440

Nearest support levels: 0.9000, 0.8900

The price of NZD/USD corrected upwards to the bottom of the descending channel, but failed be fixed within it and now resumed falling. When saving the current dynamics in the near future quotes will reach the local minimum near 0.8110. Growth is limited by the upper boundary of the channel. We expect further price decline in the medium term.

Nearest resistance levels: 0.8270, 0.8350, 0.8400, 0.8425, 0.8470, 0.8530, 0.8560, 0.8600

Nearest support levels: 0.8100, 0.8000

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