19.08.2014 - Technical view

The price of EUR/USD failed to break the 1.3400 level of and corrected down to 1.3350. To break through this strong level will be needed a strong impulse. Growth is limited by the resistance levels at 1.3400 and 1.3440. We maintain a medium-term negative outlook with the objectives of 1.3200 and 1.2800.

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 yesterday's jump in prices continues to consolidate above 1.6700. It is worth noting that the price has left the descending channel and fixing of quotations above 1.6810 will be a signal to open long positions. Fall is limited by local minimum of about 1.6670. We maintain our positive medium-term outlook for the pound.

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 after correction bounced off a strong support level at 102.20 and resumed growth. At the moment the price is close to the level of 102.70, for breaking and fixing above which is needed a significant incentive. In case of growth, confirmation of a buy signal will be fixing the price above 103.00. 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 has broken through the upper limit of the downward channel and now is trying to gain a foothold above the strong level of 0.9330. In case of further growth, a buy signal will be overcoming the level of the nearest local maximum near 0.9360. In this case, the quotes can grow up to 0.9440. In case of reduction, the closest targets will be at 0.9280 and 0.9220. We maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9280, 0.9220, 0.9200, 0.9100

The price of NZD/USD has broken through the level of 0.8470 and started to decline sharply. At the moment, the price approached the level of a local minimum near 0.8420. Further reduction is limited by the psychologically important mark of 0.8400. Now there is a good chance for the upward price rebound with a target near 0.8470. We predict that in the near future quotations of the New Zealand dollar will move near the levels 0,84-0,85.

Nearest resistance levels: 0.8470, 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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