18.08.2014 - Technical view
The price of EUR/USD continues to consolidate within the corridor 1,3350-1,3420. After a long consolidation, we can see a sharp price movement. Signal to open positions will be fixing the price above 1.3440 or below 1.3350. The medium-term tendency remains negative, but given the price stabilization after a long decline, we can see the price correction to the nearest resistance level of 1.3530. Our 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 after a long consolidation within the corridor 0,6670-1,6700, has broken the upper limit of the downward channel and began to grow in the near future will likely continue correction with the closest target near a strong level of 1.6770. Further reduction probability is minimal. We maintain our positive outlook for the medium-term and expect continued upward movement in the near future.
Nearest resistance levels: 1.6770, 1.6810, 1.6890, 1.7000, 1.7050, 1.7100
Nearest support levels: 1.6700, 1.6670, 1.6600, 1.6550
The price of USD/JPY could not continue the upward movement along the inclined line of resistance and overcome the resistance level at 102.70. Within the correction, the price has reached the nearest support level at 102.20. Falling of prices possible after fixing quotes below this level. We maintain our positive outlook for the medium-term and recommend to open long positions after the price fixates above 103.00.
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 started to correct after reaching the upper limit of the downward channel and strong resistance level of 0.9330. To continue the upward movement, the price needs to gain a foothold above these levels. In such case the target level will be 0.9440. We maintain a medium-term negative outlook and expect the resumption of descending movement within the channel.
Nearest resistance levels: 0.9330, 0.9440, 0.9500, 0.9600
Nearest support levels: 0.9220, 0.9200, 0.9100
The price of NZD/USD continues to consolidate above 0.8470. The continuation of ascending correction is possible only after overcoming the level of 0.8530. Reduction potential is minimal and we expect that in the near future the price of the New Zealand dollar will continue to move near the current levels within the range 0,8425-0,8530.
Nearest resistance levels: 0.8530, 0.8560, 0.8600, 0.8660, 0.8720, 0.8780
Nearest support levels: 0.8425, 0.8400, 0.8300