21.08.2014 - Technical view
The price of EUR/USD after a brief consolidation around the level of 1.3300, continued to decline and in the near future is likely to reach the level of 1.3200, and then can continue the current trend with the objectives of 1.3160 and 1.3100. In case of correction, quotations can grow up to 1.3350. We recommend holding short positions with a stop above 1.3350. Medium-term outlook also remains negative.
Nearest resistance levels: 1.3300, 1.3350, 1.3440, 1.3500, 1.3530, 1.3590, 1.3665
Nearest support levels: 1.3200, 1.3160, 1.3000, 1.2800
The price of GBP/USD after correction to the upper limit of the downward channel has renewed fall and has overcome the level of the nearest local minimum near 1.6600. In case of correction quotations may reach the upper limit of the channel and the levels of 1.6650 and 1.6700. Downward movement is likely to continue in the near future.
Nearest resistance levels: 1.6600, 1.6670, 1.6700, 1.6770, 1.6810, 1.6890, 1.7000
Nearest support levels: 1.6550, 1.6500, 1.6460
The price of USD/JPY almost reached the target level of 104.00, and continues a gradual growth. In case of correction, the price may be reduced to 103.50. Further growth with the objectives of 104.70 and 105.40, is possible in case of fixing the price above the important level of 104.00. We recommend holding 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 accelerated the decline in the descending channel. To continue the downward movement the price needs to break the level of the nearest local minimum near 0.9240. In such case the closest targets will be the levels of 0.9220, 0.9200 and 0.9100. Growth is limited by the upper boundary of the channel and a strong resistance level near 0.9330. We recommend holding short positions with a stop above 0.9340 and maintain a medium-term negative outlook.
Nearest resistance levels: 0.9280, 0.9340, 0.9440, 0.9500, 0.9600
Nearest support levels: 0.9220, 0.9200, 0.9100
The price of NZD/USD has broken through the lower boundary of the channel and continued to fall. In case of upward correction, the quotes, can grow up to 0.8400 and 0.8470. Reversal of the current trend is possible after fixing the price above 0.8500. We look forward to continuing descending movement in the near future and recommend to open short positions.
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