19.09.2014 - Technical view
The price of EUR/USD again failed to overcome the support level 1.2860 and corrected upwards. Currently quotations are consolidated above 1.2900. Further growth is limited by the psychologically important level of 1.3000. In the case of overcoming this mark, we recommend closing short positions and expect a new moment to open short positions. Medium-term trend remains negative and we recommend holding short positions with the targets 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 accelerated the growth and has broken a number of important levels of like 1.6300 and 1.6450. Currently quotations approached the level of 1.6535. In case of overcoming of this mark the price will likely continue to rise to 1.6670. Correction in the near future is unlikely and the upward momentum will continue in accordance with our expectations in the near future. Medium-term outlook is positive with the objectives of 1.6800 and 1.6900.
Nearest resistance levels: 1.6535, 1.6600, 1.6670
Nearest support levels: 1.6450, 1.6300, 1.6200, 1.6050, 1.6000
The price of USD/JPY after fixation above the level of 108.50 continued to rise and now moves to the important mark of 110.00. In case of correction, quotations may fall to 107.40 or the inclined support line that used to be the upper limit of the upward channel. We recommend holding long positions and maintain a positive medium-term outlook for the yen.
Nearest resistance levels: 110.00, 111.00
Nearest support levels: 108.50, 107.00, 106.00, 105.40, 104.70, 104.00, 103.70
The price of AUD/USD was able to fix below the critical level 0.9000 and after a minor correction resumed falling. The next target level is 0.8900. Change of the trend is possible in the case of breaking and fixing the price above the level of 0.9220. We recommend holding short positions and save a negative medium-term outlook for the Australian dollar with the objectives of 0.8900 and 0.8800.
Nearest resistance levels: 0.9000, 0.9100, 0.9130, 0.9200, 0.9240, 0.9330, 0.9400, 0.9440
Nearest support levels: 0.8900, 0.8860, 0.8800
The price of NZD/USD completed the correction after reaching the bottom of the channel, which the price has left earlier. Currently quotations are consolidated above the level of 0.8125 and is likely to continue to decline in the near future. Growth is limited by a sloping resistance level and the level of 0.8200. We expect price decline in the medium term, but note weaker potential for the downward movement.
Nearest resistance levels: 0.8270, 0.8350, 0.8400, 0.8425, 0.8470, 0.8530, 0.8560
Nearest support levels: 0.8100, 0.8000