20.08.2014 - Technical view
The price of EUR/USD has broken through the strong support level at 1.3350 and sharply decreased to the level of 1.3300. In case of correction the price can return to the level of 1.3350. With a further reduction the quotes probably will drop to 1.3200 and 1.3160. We recommend holding short positions and maintain a medium-term negative outlook.
Nearest resistance levels: 1.3350, 1.3440, 1.3500, 1.3530, 1.3590, 1.3665
Nearest support levels: 1.3300, 1.3200, 1.3160, 1.3000, 1.2800
The price of GBP/USD returned to the descending channel and has broken through the level of the local minimum at 1.6670. At the moment the price is consolidating around the level of 1.6600. In case of continued downward trend, the price may fall to 1.6550. At the moment, there is a possibility of a technical rebound of price to the level of 1.6670. Price drop in the near future may continue, but in the medium term, we expect the resumption of growth.
Nearest resistance levels: 1.6670, 1.6700, 1.6770, 1.6810, 1.6890, 1.7000, 1.7050, 1.7100
Nearest support levels: 1.6600, 1.6550
The price of USD/JPY accelerated the growth and has broken through the important levels of 102.70 and 103.00. Fixing of price above these levels is a signal to open long positions with the closest targets at 104.00 and 104.70. Fall is limited by the level of 102.70. We recommend to open long positions and maintain a medium-term positive outlook.
Nearest resistance levels: 104.00, 104.70, 105.40
Nearest support levels: 103.00, 102.70, 102.20, 101.70, 101.15, 100.90, 100.00
The price of AUD/USD was unable to gain a foothold above the level of 0.9330 and resumed the downward movement. Growth is limited by the level of 0.9340. We expect a further decline in price of the Australian currency with the objectives of 0.9240, 0.9220 and 0.9200 and recommend holding short positions. The medium-term outlook remains negative with the target of about 0.8900.
Nearest resistance levels: 0.9340, 0.9440, 0.9500, 0.9600
Nearest support levels: 0.9280, 0.9220, 0.9200, 0.9100
The price of NZD/USD after a minor correction resumed the downward movement and has broken through the resistance level at 0.8400 and reached the lower limit of the local downward channel. In case of upward correction, the price may rise to 0.8470 and the upper limit of the local channel. We expect the price correction in the near future and assume the possibility of falling the price to the level of 0.8300.
Nearest resistance levels: 0.8400, 0.8470, 0.8530, 0.8560, 0.8600, 0.8660, 0.8720, 0.8780
Nearest support levels: 0.8360, 0.8300, 0.8220