21.10.2014 - Technical view

The price of EUR/USD after a minor correction has started growing again and tries to overcome the strong resistance level of 1.2825. If the price fixates above this mark, quotes will probably grow up to 1.2925. For the resumption of the downward movement of the quotes it needs to break through the lower boundary of the local rising channel and consolidate below 1.3750. We maintain a medium-term negative outlook.

Nearest resistance levels: 1.2825, 1.2925, 1.3000, 1.3100, 1.3160, 1.3200, 1.3240

Nearest support levels: 1.2700, 1.2600, 1.2500, 1.2450, 1.2200

The price of GBP/USD has broken through the resistance level 1.6100 and proceeded the growth. We expect that in the near future quotes reach the level of 1.6200. Fixing prices above this mark will become a signal of a trend change. In such case we recommend to open long positions with the targets of 1.6450 and 1.6530. Stop should be set below 1.6000. We maintain our positive medium-term outlook for the British pound.

Nearest resistance levels: 1.6200, 1.6300, 1.6400, 1.6450

Nearest support levels: 1.6100, 1.6000, 1.5880, 1.5800, 1.5600

The price of USD/JPY failed to gain a foothold above the strong level of 107.00 and started to correct downwards. In case of further decline, quotes, will reach the level of 105.40. Price drop below this level is unlikely. We recommend to re-open long positions with the target of about 110.00, after fixing the price above 107.00. Our medium-term outlook remains negative.

Nearest resistance levels: 107.00, 108.50, 110.00, 111.00, 115.00, 120.00

Nearest support levels: 106.00, 105.40, 104.70, 104.00, 103.70

The price of AUD/USD after a long consolidation is trying to break through and gain a foothold above the upper limit of the corridor 0,8660-0,8800. In case of success, the quotes can reach the level of 0.8900. If the price fixates above 0.8925, we recommend closing short positions and to open long ones. Despite the possibility of short-term growth, we maintain a medium-term negative outlook for the Australian dollar.

Nearest resistance levels: 0.8800, 0.8900, 0.9000, 0.9100, 0.9130, 0.9200

Nearest support levels: 0.8660, 0.8600, 0.8550, 0.8500

The price of NZD/USD reached the psychologically important mark of 0.8000 and is trying to break through and gain a foothold above this level. In case of success and overcoming the 0.8050 level of, we recommend to fix short positions and to open long ones. At the moment, growth of quotations is limited by upper boundary of the local rising channel. We maintain a medium-term negative outlook, to assume the possibility of continuation of growth rates in the medium term.

Nearest resistance levels: 0.8000, 0.8050, 0.8270, 0.8350

Nearest support levels: 0.7900, 0.7800, 0.7740, 0.7700, 0.7500

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