17.07.2014 - Technical view

The price of EUR/USD continued to fall and reached the next target level of 1.3530. To continue the downward movement, the quotes of the pair should fix below this level. At the moment there is a high probability of the upward price rebound with the target near 1.3590 and the upper limit of the local descending corridor. Medium-term outlook remains negative with the target near 1.3400.

Nearest resistance levels: 1.3590, 1.3665, 1.3700, 1.3750, 1.3790

Nearest support levels: 1.3500, 1.3400

The price of GBP/USD stabilized around the level of 1.7140 and is moving in a narrow sideways range around this level. Signal to open positions will be moving the price beyond the range 1,7060-1,7180. We maintain our positive outlook for the medium-term with objectives of 1.7200 and 1.7300, but note that the growth potential recently reduced.

Nearest resistance levels: 1.7180, 1.7200, 1.7300

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

The price of USD/JPY failed to pass through an inclined support line and started to correct, and as a result reached 101.50. In case of further decline, the price will probably reach the support level at 101.20. To change the trend the price needs to break through an inclined resistance line and to fix above 101.70. We expect that the decline in the near future will end and save the midterm positive outlook with the objectives of 102.20, 102.70 and 104.00.

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

Nearest support levels: 101.20, 100.90, 100.00

The price of AUD/USD after the rebound from the strong support line, stopped the growth near the level of 0.9360. The signal to open positions will be fixing the price higher than 0.9400 or below 0.9330, after which we expect a strong price movement. We look forward to continuing downward movement and maintain a medium-term negative outlook with the purpose near 0.9220.

Nearest resistance levels: 0.9400, 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9330, 0.9300, 0.9220, 0.9200

The price of NZD/USD slowed the decline near the level of 0.8700, but will likely continue to decline with the target 0,8660. In case of correction, the price will reach 0.8780. On the other hand, fixing the price below the nearest local minimum near 0.8720 is a signal to open short positions with the targets 0.8560 and 0.8480. We are waiting for the confirmation of the signal to open short positions.

Nearest resistance levels: 0.8780, 0.8800, 0.8850

Nearest support levels: 0.8660, 0.8600, 0.8560, 0.8480

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