22.07.2014 - Technical view

The price of EUR/USD sideways movement continues in a narrow range below 1.3530. In case of price fixing above 1.3530, the quotes can reach the upper limit of the downward channel and the level of 1.3590. We expect further decline of price within the channel with the closest target near the level of 1.3400 and maintain a medium-term negative outlook.

Nearest resistance levels: 1.3590, 1.3665, 1.3700, 1.3750, 1.3790

Nearest support levels: 1.3500, 1.3400

The price of GBP/USD moves along an inclined line of resistance and approaches the stronger support line. Continued downward movement is possible after fixing the price below 1.7060. Signal for opening long positions will be breaking through the inclined line of resistance and fixation higher than 1.7100. We maintain a medium-term positive outlook for the British pound with the objectives of 1.7200 and 1.7300.

Nearest resistance levels: 1.7180, 1.7200, 1.7300

Nearest support levels: 1.7060, 1.7000, 1.6950, 1.6900, 1.6810, 1.6770

The price of USD/JPY again was unable to break through the support level of 101.15 and started to grow. At the moment, the price reached inclined line of resistance in the case of breaking of which may continue to grow to 102.20. A signal to sell will be fixing the price below 101.15. We expect the signal to open positions, but keep medium-term positive outlook.

Nearest resistance levels: 102.20, 102.70, 103.00, 104.00, 104.70

Nearest support levels: 101.15, 100.90, 100.00

The price of AUD/USD reached the upper boundary of the triangle and the strong the level of 0.9400. Signal to open positions will be price fixing outside the triangle - above 0.9400 or below 0.9330. Medium-term outlook remains positive, and in the coming days, we can see an increase in volatility.

Nearest resistance levels: 0.9400, 0.9440, 0.9500, 0.9600

Nearest support levels: 0.9330, 0.9300, 0.9220, 0.9200

The price of NZD/USD after reaching 0.8720 corrected down and continued to move within the side corridor 0,8660-0,8720. We expect further price movement in this corridor in the near future. Increase in volatility is expected tomorrow night and we recommend opening positions in case of price fixing outside the corridor.

Nearest resistance levels: 0.8720, 0.8780, 0.8800, 0.8850

Nearest support levels: 0.8660, 0.8600, 0.8560, 0.8480

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